Show:
Loans
Credit Cards
Investing and Stocks
Taxes
Budgeting
100
A sum of money that is borrowed for a specific purpose and paid back with interest.
What are loans?
100
A credit card is connected to an open loan. When you swipe the card, you are borrowing money from the card company.
What is a Credit Card?
100
Money earned after expenses are paid (what you actually get to keep).
What is profit?
100
A mandatory payment to the government.
What is a tax?
100
An estimated list of income and expenses for a set of time period. 
What is a Budget?
200
Character, Capacity, and Capital.
What are the 3 C's?
200
It is connected to your money in checking account, not a loan.
What is a debt card? 
200
The amount by which the selling price of an asset exceeds the purchase price (money you gain).
What is capital gain?
200
The same tax rate at all levels; (also called a flat tax).
What is a proportional tax? 
200
Property with value (car, house,etc).
What is an asset?
300
Amount borrowed that does not include interest. 
What is principal?
300
You have access to a certain amount of money to spend on anything (unsecured loan).
What is open-end credit?
300
Portion of a profit paid to stock owners (often on a regular basis).
What is dividend?
300
Tax rate increases with income to protect people at low income levels.
What is a progressive tax?
300
A debt that you owe.
What is liability?
400
Short period after the due date before late fess are applied or loan is cancelled.
What is Grace Period?
400
This is when you miss one or to two payments.
What is DELINQUENT? 
400
A claim on a company's assets; a share pf ownership.
What is a stock?
400
Taxes a smaller share of income as incomes increase.
What is a regressive tax?
400
The current value of your asset minus your liabilities.
What is net worth?
500
Rate can change over the period of the loan.
What is variable interest rate?
500
Missed 3 months or more and this will show up on your credit history (Real bad).
What is DEFAULT? 
500
An auction market where buy and sell orders are matched.
What is a stock exchange?
500
State and local taxes on real estate and personal property.
What is a property tax? 
500
Total amount that you have to budget (Not freely spend-discretionary).  
What is Disposable Income?