investing
reinvesting earned interest back into principal to allow money to grow exponentially over time
what is Compound Interest
is an agreement in which one party (the insurer)compensates another party(the insured) for any losses.
what is Insurance
A pool of money used by a company to purchase a variety of stocks, bonds or money market instruments. Provides diversification and professional management for investors.
what is Mutual Funds
if a cost can be “traced” it is a…
what is a Direct cost
A tax by the IRS on your annual earnings
what is Federal Income Tax
A loan to a government or business for a set amount of time with fixed interest
what is A Bond
Two major categories of health insurance are basic and major medical. Major medical coverage typically pays only for long-term hospitalization and the cost of catastrophic illness.
what is Health Insurance
A certificate issued by a government or private company which promises to pay back with interest the money borrowed from the buyer of the certificate: The city issued bonds to raise money for putting in new sewers. Least Risky-older people
what is Bonds
The primary document used for tracking the 3 manufacturing costs in Job Costing production environment
what is Job Cost Record
Tax deducted from the wages of every legally working American that is used to pay for the Medicare program
what is Medicare Tax
The practice of investing in a large variety of stocks, bonds, and/or funds as a way to as a way to reduce your overall risk
what is Diversification
A federally funded health insurance program for people who are covered by social security. Part A pays for inpatient hospital care and Part B pays for 80% of doctors visits and certain other medical services.
what is Medicare
A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings. Risky-younger people invest
what is Stocks
How do you save/ invest your money?
what is Invest in stocks, low cost index funds, saving accounts
A tax based on the value of a house or property
what is Property Tax
Money from the profits of a company that is paid out to its shareholders, typically on a quarterly basis
what is Dividend
is a healthcare plan for low-income people administered by each state government founded by both state and federal funds.
what is Medicaid
Investors who purchase shares of stock in a corporation.
what is Shareholders
Buying expensive items and having fixed monthly payments is what type of credit?
what is Installment Credit
A credit for certain low-income workers that is administration in the form of a reduction in federal income tax
what is Earned Income Tax Credit
A low-fee portfolio of stocks chosen to track or mimic a stock market index, thereby removing the human element of investing because no one is choosing the individual stocks
what is Index Fund
is an insurance contract that provides compensation for losses due to a person's death.
what is Life Insurance
An instrument used to measure and report the change in prices of a set of stocks
what is Stock Index
When the credit does not have to be backed up my a deposit it is…
what is Unsecured
An amount that is subtracted from something like a tax
what is Deductions