Bank Accounts
A card that draws money from your checking account. It is limited by the money actually in your account.
What is a debit card?
This form is sent home to employees to show how much money was withheld from their paychecks
This is a loan to buy a house or property.
What is a mortgage?
A small piece of a company
What is a stock?
Someone who depends on another person financially for tax purposes.
An account that lets you put money aside for future use. It also accrues interest.
What is a savings account?
This is a form that employers use to calculate how much to withhold from employee taxes.
What is a W-4?
This is NOT an installment loan?
What is a credit card?
A loan to a government or company that is paid back with interest.
What is a bond?
What is a credit score?
This is needed to open a bank account.
This is what you take home after taxes are withheld.
What is net pay?
This type of loan allows you to put up an asset as security for the loan. The lender will get the asset if the loan is not paid.
What is a collateral loan?
A group of assets/stocks sold as one unit.
What is an exchange-traded fund?
Insurance that covers retirement or nursing home care.
What is long-term care insurance?
A type of account in which you deposit money that you do not touch for a specified amount of time.
What is a certificate of deposit (CD) account?
This is what you make before taxes are withheld.
What is gross pay?
This payment takes care of property taxes and homeowner's insurance.
What is escrow?
Interest paid on both the principal plus interest payments.
Insurance that covers things beyond normal insurance policies.
What is umbrella insurance?
A type of financial institution similar to a bank that is run by members for members.
What is a credit union?
This is a type of tax that applies when you sell a high-priced item.
What is capital gains tax?
This type of loan is good for first time home-buyers with little to no cash for a downpayment and low or no credit history.
The way to calculate how long it will take your return on investment to double.
The formula to calculate simple interest.
What is I=prt?