Money
Exchanging goods without involving money.
What is Barter?
The annual rate of interest that is charged for using credit.
What is APR?
You use this insurance when you want to get your teeth cleaned.
What is dental insurance?
A common type of electronic funds transfer that allows you to withdraw money from your bank account.
What is an ATM transaction?
A kind of investment that allows you to own shares in a corporation?
What are Stocks?
The term for the amount of money you have in your bank account.
What is balance?
This term describes a fee paid to you for keeping your money in an account.
What is interest?
This is the term for the chance of loss or injury.
What is risk?
An interest-bearing certificate issued by a bank for a specified period of time?
What is a Certificate of Deposit (CD)?
Check paid to stockholders, usually quarterly, representing portion of corporate profits.
What is Dividend?
A general increase in prices and fall in the purchasing value of money.
What is Inflation?
A type of open credit agreement that allows consumers to pay all or part of the outstanding balance on a loan or credit card.
What is Revolving Credit?
A higher deductible on an insurance policy generally results in this effect on the premium.
What is a lower premium?
A type of interest-bearing deposit account that combines features of both savings and checking accounts.
What is a Money Market Account?
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.
What is the Rule of 72?
Something that is borrowed, especially a sum of money that is expected to be paid back with interest.
What is a Loan?
This is the term for the amount that a policyholder must pay per loss on an insurance policy.
What is deductible?
The term for the total cost of credit, including interest and transaction fees?
What are Finance Charges/Fees?
The appreciation of an asset such as stock or real estate?
What are capital gains?
A report that accounts for the differences between the bank statement and your checkbook balance.
What is bank reconciliation?
Something of value that a borrower lets the lender claim if a loan is not repaired.
What is Collateral?
A formal request for payment, sent to the insurance company, to cover a loss.
What is Claim?
If a person makes a deposit of $10,000 or more into a bank account, this entity must be notified.
What is the U.S. Treasury Department?
This is a term for a fixed-rate investment that pays periodic interest?
What are Bonds?