💼 Careers & Jobs
What is your natural ability for a specific type of work?
Aptitude
What legal, binding contract do you sign to rent an apartment for a set period?
What is a specific type of long-term loan used to purchase property or Real Estate?
Mortgage
What plastic card takes money straight out of your checking account immediately?
Debit card
What is the term for the original, initial amount of money you invest or borrow?
Principal
What is the 1-page document summarizing your education, accomplishments, experience?
Resume
What is the upfront money paid to a landlord to protect against property damage?
security deposit
What are the extra, upfront processing fees paid at the very end of a housing transaction to finalize the deal?
Closing costs
What system lets you check balances and send money over the internet instead of using paper checks?
Electronic Banking
What magic financial concept means you earn interest on top of the interest you already earned?
Compounding Interest
What is the introduction note sent alongside your resume to highlight your interest?
Cover Letter
Crime when criminal steal your information and takes out loans or spends your cash
Identity theft
What upfront fees can you pay your lender to lower your overall interest rate?
Points
What acronym stands for the total yearly cost of borrowing money, shown as a percentage?
Annual Percentage Rate (APR)
What is the estimated total amount that your money will grow to become at a specific point in time later?
Future Value
What is the difference between a long-term professional track and short-term work for cash?
Career vs Job
What is the phrase for cash or assets that can be easily and instantly spent?
Liquid Assets
What type of home loan has an interest rate that changes or shifts over time instead of staying flat?
Adjustable Rate Mortgage (ARM)
What is the general term for the added fee you pay to borrow money, or the reward you get for saving it?
Interest
What safe savings option requires you to leave your money untouched for a fixed timeframe to get a fixed return rate?
Certificate of Deposit (CD)
What term describes your overall level of wealth, comfort, and material goods available to you?
Standard of living
What investment acts like a loan you give to a city or company that pays you back with interest?
Bonds
What stream of regular, equal financial payments is paid out to someone over a set schedule?
Annuity
What is the current, open price that an item or property would actually sell for right now?
Market Value
What popular, employer-sponsored retirement plan allows you to invest pre-tax dollars directly from your paycheck?
401k