Retirement savings fund provided by an employer; funds can be withdrawn at a lower tax rate after retirement

interest rate that does not include compounding; must be disclosed on a loan agreement

a computer terminal that you can use to make deposits, withdraw cash, transfer money between accounts, check your account balances, and pay some kinds of bills

covers motor vehicles, including automobiles, trucks, and motorcycles, the injuries to the driver and passengers

Legal inability to pay debts; remains on credit report for 10 years

To exchange goods or services without the use of money

the difference between the budgeted amount and the actual amount that you spend

provides an increase in assets or wealth?

are profits made from the sale of capital assets such as stocks and bonds

A long-term, fixed rate savings account

Property that is used to secure a loan. In the case of a mortgage, the actual house or apartment serves as the collateral for that loan.

A loan that is secured by properties or assets that are subject to seizure on default.

the most basic form of ownership, including voting rights on major issues, in a company

Interest earned on interest

a business owned by stockholders who buy and sell shares of ownership

are not-for-profit savings and lending financial institutions, owned by its members

Amount of coverage offered by a life insurance policy

Purchases made with your _____ are usually Deducted immediately from your checking account

shows the relationship between debt and net worth

the amount of money that the policy holder pays when a claim is settled.

A form of open-ended credit offered by retailers

list the cash deposit separately from the check as well as the total of the deposit

money is generally deposited in their checking account sooner, Directly from your paycheck

Cut up the card, put parts in different garbage bags, and instruct the credit card company in writing or by phone to close the account

The phrase "don't put all your eggs in one basket" describes this investment strategy

using dividends previously earned on the stock to buy more shares

Says If reported Lost after 60 days or not reported, the consumer may be liable for the entire amount of unauthorized purchases.

a price point at which both buyers and sellers are willing to make an exchange

government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airlines

is short for The Federal Reserve System; regulates the nation's money supply

Government organization that insures bank deposits up to $100,000

insures lenders who make mortgage loans that are riskier than regular bank loans

provides banking services to depository institutions, serves as the U.S. Government's fiscal agent, supervises and regulates most large banks, and formulates and implements monetary policy.

the process of developing and implementing a coordinated series of actions to achieve financial success.

Occurs when a creditor obtains a court order requiring an employer to attach an employee's earnings in order to pay back a debt.

The least helpful way to obtain financial information

Need to be realistic, have a target date, and, if possible, an associated cost

Protects against most types of property losses and liabilities related to home ownership

Using someone's personal information to spend money on their behalf

a loan repaid with interest in equal periodic payments

Types of checking accounts pay interest

The cost to use someone else's money for a period of time is

insurance that provides protection from claims arising from injuries or damage to other people or property

being in cash or easily convertible to cash, How easily an asset can be converted into cash

Capital gains from investments held more than one year are subject to a ________.

Term used to describe the Fed's plan to regulate the nation's money supply

Loan typically given for the purpose of purchasing a home

insures each depositor's accounts up to $100,000 in one credit union

the largest stock exchange in the world

additional property insurance that covers the damage or loss of a specific item of high value

stock whose holders are guaranteed priority in the payment of dividends

Amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance.

rate at which money loses value over time; impacts the "time value" of money

checking accounts that do not earn interest

Can lower stock prices because of lower business profits

retirement savings fund; withdrawals before retirement age are subject to both taxes and a penalty

formula to approximate the time it will take for a given amount of money to double at a given compound interest rate (72/interest rate)

All of the investments, including stocks, bonds, mutual funds, options, and commodities, that are traded.

Agency created in 1934 that monitors the stock market and enforces laws regulating sales of stocks and bonds

Government savings program for retirees, funded by FICA

an increase in the number of outstanding shares of a corporation without changing the shareholders' equity

Function as cash and are easily replaced if lost

These bills are backed by the full faith and credit of the US government, therefore considered a relatively risk free investment

requires that the finance charge and annual percentage rate be disclosed to the consumer in advance

A personal loan without assets to cover the loan amount.

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the

Laws against charging excessive interest rates on loans

costs that change from one period to another (ex. Electricity and food)