Insurance
is a financial product (called an insurance contract or policy) purchased from an insurance company by many people facing a similar risk.
What is insurance?
is assessed as a percentage of the item being purchased
what is a regressive tax?
are generally stock corporations whose principal obligation is to make a profit for their shareholders
What are commercial banks?
have a potentially higher return than bonds over the long term, but they are also riskier.
what are stocks?
being able to want to learn something new
what is the wili=ngness to learn
is a formal request to an insurance company asking for a payment based on your insurance policy terms and conditions.
What is a claim?
levied on an everyday product bought at the grocery store is a regressive tax
what is a sales tax?
specialize in real estate lending, particularly loans for single-family homes and other residential properties.
What are Savings and loan associations and savings banks ?
are creditors
what are bond investors
when something goes wrong you are remain with a
what is a positive attitude
is the out‐of‐pocket money you pay before an insurance company will cover the remaining costs attributed to your loss.
What is a deductible?
are a flat tax system in which taxpayers pay a set percentage, regardless of their income
what is a proportional tax?
are cooperative financial institutions, formed by groups of people with a "common bond."
what are credit unions?
if the company is unsuccessful, you could lose all of your money. But if the company is successful, you could see higher dividends and a rising share price.
what is a shareholder
being able to work in togetherness
what is teamwork?
Provides money to pay for health care for illness, injury,or, in some cases, preventive care.
What is health insurance?
rises as income increases based on an increasing rate schedule
are the traditional "department stores" of the financial services world.
what are commercial banks?
are very risky because they have no guarantees and shareholders are paid last if the company is in trouble or goes bankrupt.
what are common shares
being able to talk about whats going on
what is communication
Provides payment to beneficiaries (someone who receives money if an insured person dies).
What is Life insurance?
are often higher than the average tax rates paid, and the wealthy bear a larger tax burden than the low or middle class.
what is a marginal rates?
is not open to the general public, but is restricted to people who share the common bond of the group that created the credit union
What is a credit union?
shows that the average annual return on treasury bills since 1935 was 4.5%, compared to a 9.6% return on Canadian stocks
what is a interactive investing chart
thinking for yourself
what are thinking skills