money management
what you owe
debtor
A portion of a company that you purchase in the hopes to grow your money
investing
The total dollar amount of all interest and fees you pay for the use of credit is called the
credit report
Increasing your down payment will lower your monthly payment on a vehicle.
true
a type that provides for periodic payments of benefits
disability insurance
what you own
personal
Which investment is safest?
high-yield accounts
Borrowing to buy now and pay later.
loan
The monthly payment on a leased vehicle is typically lower than a monthly payment on the same financed vehicle.
true
Insurance that covers both damage to your property and your liability for any injuries at your home
homeowners insurance
banks are generally safe because
they are locally insured
Which investment will yield the greatest return?
bonds and annuities
One of the biggest reasons people file for bankruptcy is
lawsuit
The formula used to find equity in your home is:
home value - amounts owned on that property
Insurance that pays out a sum of money on the death of the insured person.
life insurance
total amount you earn before any deductions are subtracted
gross income
Principle x Rate x Time
increases
One of the biggest reasons people file for bankruptcy is
installment loans
The Better Business Bureau is a ______________ consumer organization.
profit
Insurance provides property, liability and medical coverage for a vehicle
auto insurance
as you make more money your taxes generally
increase
A large professionally managed group of investments.
bonds
Property that you possess that is worth more than your debts is
good
Making a monthly payment for the use of a vehicle
leasing
Insurance coverage that pays for medical and surgical expenses incurred by the insured.
health insurance