Loans & Credit
An amount that you pay up front that reduces the amount of a loan.
What is a down payment?
An arrangement by which a company provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
What is insurance?
The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.
What is identify theft?
The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.
What is investing?
A safe place to put your money.
What is a bank?
Borrowing cash against your credit card.
What is a cash advance loan?
A policy that protects you from the high costs related to serious health problems.
What is health insurance?
One of the credit reporting agencies that you should contact if your identity has been compromised.
What is Experian, Equifax, or TransUnion?
Shares of a company sold to raise capital.
What is stock?
The key three letter word in growth mindset.
What is yet?
Something of value pledged as security for repayment of a loan.
What is collateral?
The type of auto coverage required, at a minimum, by most states, including Vermont.
What is liability insurance?
The kind of report that should be filed if you believe you've been a victim of identity theft.
What is a police report?
An IOU issued by a company to raise capital.
What is a bond?
An amount you will not have to pay if you make your full credit payment on time.
What is interest?
The reason you pay more than the amount of the loan when you borrow money.
What is interest?
The flat fee an insured may have to pay each time they visit a healthcare professional.
What is copay?
A simple way to protect your online accounts.
What is a strong password?
A collection of stocks and bonds.
What is a fund?
A certificate issued by a bank to a person depositing money for a specified length of time.
What is a certificate of deposit (CD)?
An easy way to improve your credit score.
What is pay your bills on time?
The type of insurance a single father with four young children needs to protect his family in the event of his premature death.
What is life insurance?
A nine digit unique number that the government uses to identify you...that you must safeguard.
What is a social security number?
Spreading an investor's risk over several types of investments.
What is diversification?
To increase wealth over time.
What is the purpose of investing?