How can we help?

You can also find more resources in our Help Center.

15 terms

Financila Literacy Vocab

STUDY
PLAY
installment
when a debt is divided into several payments. Interest can be charged.
deduction
taking a part out of a payment/account to pay something else
indicators
a notable or significant fact that can lead you to analyze something else
liability
something owed or an obligation
disposable income
a part of a person's income remaining after deducting income taxes
casualty
a thing or group that suffers loss as a result of an event (insurance company)
collision
a clash/conflict--- a term used by insurance companies
term life
a type f life insurance that provodes a payment upon death--- consumer buys this insurance for a specific period of time
comprehensive coverage
comprehensive coverage
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
policy holder
the owner of an insurance policy
bounced (or rubber) check
check returned to original bank because there are insufficient funds to cover the account
allowances
a fixed payment made on a specific date or time periiod
liquidate
to sell everything a company owns in order to pay outstanding debts
inflation
the increase in the cost of goods and services over time, measured by Consumer Price Index
stagflation
when high inflation and unemployment rates occurs in a country