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Financila Literacy Vocab
when a debt is divided into several payments. Interest can be charged.
taking a part out of a payment/account to pay something else
a notable or significant fact that can lead you to analyze something else
something owed or an obligation
a part of a person's income remaining after deducting income taxes
a thing or group that suffers loss as a result of an event (insurance company)
a clash/conflict--- a term used by insurance companies
a type f life insurance that provodes a payment upon death--- consumer buys this insurance for a specific period of time
insurance designed to pay for the repair or replacement of the policy owner's car in the event of damage not resulting from an accident
the owner of an insurance policy
bounced (or rubber) check
check returned to original bank because there are insufficient funds to cover the account
a fixed payment made on a specific date or time periiod
to sell everything a company owns in order to pay outstanding debts
the increase in the cost of goods and services over time, measured by Consumer Price Index
when high inflation and unemployment rates occurs in a country