28608512
Description
Flashcards by Laura Hale, updated more than 1 year ago
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Created by Laura Hale
almost 4 years ago
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| Question | Answer |
| 401k LH 1 | a tax-deferred, employer sponsored investment plan for employees, contributions will often be “matched” |
| 403 B LH 2 | a tax-deferred retirement plan for employees of not-for-profit organizations, such as schools, hospitals, foundations, and cultural institutions. |
| 457 LH 3 | a tax-deferred retirement plan available to state and municipal employees which might include firefighters, police, and teachers. |
| Attorney General's Office LH 4 | legal officer who represents a country or a state in legal proceedings and gives legal advice to the government. |
| Auto Insurance LH 5 | gives policyholders who own a car coverage for liability and property damage under specified conditions. |
| Bait and Switch LH 6 | The fraudulent practice of advertising and luring consumers to a store with promised products or services that then appear to be unavailable and replaced with higher priced items |
| Beneficiary LH 7 | person or organization named by a policyholder to receive the death benefit of an insurance policy after the policyholder’s death |
| Better Business Bureau LH 8 | gathers and reports information on business/service reliability and alerts and informs the public of its findings. Consumers can also file complaints with the BBB. |
| Bonds LH 9 | certificate of debt issued by a corporation or government. |
| Co-Insurance LH 10 | a type of insurance in which the insured pays a share of the payment made against a claim. |
| Common Stock LH 11 | stock that has voting rights and receives dividends declared by the company. |
| Deductible LH 12 | amount that is paid toward medical expenses before the insurance company begins to pay. |
| Federal Trade Commission LH 13 | an independent agency of the United States government, with a mission to promote consumer protection and eliminate and prevent monopolies. |
| Global Economy LH 14 | increasing economic connection among government, business, and citizens of the world |
| Health Savings Account LH 15 | tax-advantaged savings account available to people enrolled in qualifying high deductible health plans |
| Homeowner's insurance LH 16 | Required coverage that provides protection for your residence and its associated financial risks, such as damage to personal property and injuries to others. |
| IRA LH 17 | tax-deferred, personal retirement plans |
| Preferred Stock LH 18 | type of stock that pays regular dividends at a set rate. |
| Liability Risk LH 19 | current or future financial obligation. |
| Money Market Fund LH 20 | type of mutual fund that deals only in high interest short-term investments, such as U.S. Treasury securities, certificates of deposit, and commercial paper. |
| Mutual Fund LH 21 | investment created by pooling the money of many people and investing in a collection of several securities. |
| Personal Risk LH 22 | the possibility of losing money due to an unexpected death or inability to work |
| Physical Assets LH 23 | a tangible or material item usually referred to as cash, equipment, inventory and properties owned by a family or business. |
| Phishing LH 24 | sending an electronic message falsely claiming to be a legitimate business for the purpose of gaining personal or financial information |
| Predatory practices/lending LH 25 | When lenders conduct business in ways that are deceptive. They may use several fraudulent, deceptive, or discriminatory methods, to lure the consumer into practice that could lead to financial ruin. |
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