Money
The annual rate of interest that is charged for using credit.
What is APR
Formal request for payment, sent to the insurance company, to cover a loss.
What is Claim
Check paid to stockholders, usually quarterly, representing portion of corporate profits.
What is Dividend
A type of closed credit where the loan is repaid with interest in equal periodic payments.
What is Installment Credit
The actual amount paid to a beneficiary under a life insurance policy.
What is Death Benefit
Ease with which an asset can be converted into cash.
What is Liquidity
How long will it take to double your money at a given rate or time.
What is Rule of 72
A type of open credit agreement that allows consumers to pay all or part of the outstanding balance on a credit card.
What is Revolving Credit
All of the investments, including stocks, bonds, mutual funds, options, and commodities, that are traded.
What is Securities
The largest stock trading place
What is NYSE New York Stock Exchange
A U.S. tax-advantaged retirement savings plan available for anyone
What is an IRA Individual Retirement Acoount
Something of value that a borrow lets the lender claim if a loan is not repaired.
What is Collateral
America’s largest electronic stock market.
What is NASDAQ
How long negative information stays on your credit report
What is 7 years
Expenses that fluctuate.
What is Variable Expense
7-- Liquidation; the sale of nonexempt property and the distribution of proceeds to creditors. 11-- Rarely used, usually used in real estate 13-- Reorganization, law that allows businesses or individuals to reorganize, continue functioning and pay creditors equitably according to a court-approved plan. These are types of _________________
What is Bankruptcy
An add-on to an insurance policy.
What is Rider/Floater
Part of ownership in a company
What is a stock
Credit legislation that is federal; they have to tell you the truth about their lending. Have to tell the whole truth in lending practices.
What is Truth in Lending Act