Stock Market
A term for when the company shares profits with stockholders.
Dividend
A social insurance program run by the government designed to provide benefits for retired workers and the disabled is called...
Social Security
Name 3 things that look good on a college application.
Answers include but are not limited to:
Good grades, Volunteers hours, SAT Scores, Extra Curriculars, Sports, Unique talents, legacy connections.
The FICO score is also called...
Credit Score
What are TWO parts of a check?
The address, the name, the account name, the account number, the memo line, the pay to order line, the money written out, the signature line.
A term for spreading out risk in your investments
Diversification
What does IRA stand for?
Individual Retirement Account
A college degree that typically takes four years to complete
a bachelors degree
Someone who signs for you to be able to get credit
Cosigner
Name 2 types of bank accounts an individual can have.
Checking account, Savings account, Certificate of Deposit (CD), and Money Market Account.
A piece of the ownership of a company is called...
a stock
An employer sponsored retirement plan.
401(k)
List two options to help fund higher education.
Answers may include:
Loans, Grants, Work-Study Programs, Rich Parents.
A card where money comes out of your bank account immediately.
Debit Card
The term for when you write a check for more money than you have in your account.
Overdraft
Professionally managed investments that uses money of many individuals pooled together.
A Mutual Fund
Name three sources of income after you retire.
Social Security, Investments, Retirement accounts
Schools that focus more on skills than academics are called...
Vocational Schools or Trade Schools
What are the three C's of Credit?
Character, Capacity, and Capital.
Checks that have been written but not returned to the bank for payment are called
Outstanding Checks
A loan for a set period of time that is issued by state, county, or city government.
A Municipal Bond
A retirement account where you pay taxes on the money before making contributions.
A Roth IRA
Improving or gaining new skills related to work while on the job is called...
Professional Development or Lifelong Learning
What is the largest influencing factor in determining an individual’s credit score?
Payment history: the record of your on-time and late payments
The independent agency of the federal government that insures accounts at banks and other financial institutions to keep a stable financial system.
The Federal Deposit Insurance Corporation (FDIC).