Credit
The range of credit scores
300-850
30 years
Name the two American stock markets
NYSE and NASDAQ
A type of investment where a team of experts pick your investments; usually stocks.
Mutual Funds
Taxes that are the same for everyone
Regressive Taxes
Average credit score
720's
Most common type of mortgage.
Fixed rate mortgage
IPO
Retirement programs where your employer will match a certain percentage of the money you put into it.
401k
Taxes where the more you make the more you pay
Progressive Taxes
Paying on time is worth what percentage of your credit score.
35%
The type of car insurance that is required by law
Liability
Name two of indices that track the stock market
NASDAQ composite; Dow Jones, S&P 500
A type of retirement programs where you get tax benefits when you withdrawal your money.
Roth IRA
Tax collection agency of USA
IRS
Debt Card
The type of mortgage where the terms and payments will change of over time.
Adjustable Rate mortgage
The nickname for when the stock market is doing well
Bull market
A loan given to a business/government where interest is paid back over a certain period of time.
Bonds
10%-37%
A type of check on your credit score done by creditors that can negatively affect your score.
Hard Pull
The difference between the market value of a house and the amount already paid off by the home owner.
Equity
The nickname for when the stock market is doing bad
bear market
Having many types of investments to lower your overall risk...also a strategy that many experts promote
Diversifying or diversification
When is the tax deadline in the US
April 15th