Insurance
You hit a deer and your car needs repaired.
What is auto collision insurance?
Type of credit in which there is no specific amount borrowed or time to repay.
What is open ended credit?
The form an employers must send by January 31.
What is W-4?
Assets are larger than liabilities.
What is solvent?
Checks that have not been processed by the bank.
What is outstanding?
You break your arm falling off your trampoline.
What is health insurance?
Requests for an individual's credit report.
What is credit inquiry?
The percentage deducted from a paycheck for Social Security Tax.
Making money on a stock purchase.
What is capital gain?
Writing a check for more than the balance of your checking account.
What is overdrawing?
A sudden death of a family member results in a loss of income.
What is life insurance?
The range of FICO scores.
What is 300-850?
The 4 required payroll deductions.
What are Federal and State Income Tax, Medicare, and Social Security?
Calculates the time needed to double an investment.
What is the Rule of 72?
Matching your checkbook register to the bank statement.
What is reconciliation?
The amount paid out of pocket before insurance pays?
What is deductible?
The three credit reporting agencies.
What are Equifax, Trans Union, and Experian?
Expenses that cost the same every month.
What are fixed expenses?
Low risk/low return investment.
What is savings bonds?
Signing the bakc of a check to make it payable to the specified payee.
What is endorse?
You run a stop sign and collide with another vehicle. You'll need to pay for their car repairs.
What is auto liability insurance?
The 4 C's of Credit.
What are capital, collateral, character, and capacity?
Matching expected income to expected expenses.
What is budgeting?
High risk/high return investment.
What is stock market?
Federal government agency that insures deposits in banks.
What is FDIC?