Consumer & Personal Finance
Terms in this set (29)
A plan for allocating income for saving and spending.
Minimum Balance Requirement
Is the amount needed in an account to avoid fees.
Is a check that exceeds the account balance.
Is the price paid for the use of money borrowed.
Is the practice of making a purchase now and paying for it in the future.
Is borrowed money repaid with interest.
Is the total cost of the loan.
Annual percentage rate (APR)
Is the amount of interest charged per year.
A person who assumes responsibility for debt if a borrower doesn't repay.
The period of time between your billing date and the date your payment is due.
The amount of credit you can charge.
Describes a consumer's credit record.
Is a number that summarizes your credit worthiness.
Is the use of someone else's personal information for criminal purposes.
A means to decrease in value.
Is the amount paid for insurance.
Is an amount paid by the insured before the insurance company pays.
Is an amount due when an insured receives health care.
Is a request for payment on an insured loss.
Is a legally binding agreement.
Is a record of your job history and education.
Briefly explains why you want the job and how you are qualified for it.
People who have known you for at least a year and can provide information about your skills, character, and achievements.
Is based on your marital status or support of dependents.
Is the income subject to taxation after exemptions and deductions.
Federal Annual Tax Return
A form that outlines an individual's earnings, and tax deductions incurred.
Is a contract for renting an apartment or home.
Is the owner of the rental property.
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