CON EC Vocab Unit 2

Question	Answer
1.) 401K Brad Russell	a tax-deferred, employer sponsored investment plan for employees, contributions will often be “matched”
2.) 403B Brad Russell	a tax-deferred retirement plan for employees of not-for-profit organizations, such as schools, hospitals, foundations, and cultural institutions
3.) 457 Brad Russell	is a tax-deferred retirement plan available to state and municipal employees which might include firefighters, police, and teachers.
4. Attorney General's Office Brad Russell	legal officer who represents a country or a state in legal proceedings and gives legal advice to the government.
5. Bait and Switch BR	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
6. Beneficiary BR	person or organization named by a policyholder to receive the death benefit of an insurance policy after the policyholder’s death.
7. Better Business Bureau (BBB) BR	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.
8. Bonds BR	certificate of debt issued by a corporation or government.
9. Common Stock BR	stock that has voting rights and receives dividends declared by the company.
10. Credit Card Fraud BR	a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card, as a source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account.
11. Depression BR	Is a severe and prolonged downturn in economic activity that lasts two or more years.
12. Disability Insurance Br	gives policyholders coverage in case of disability that limits ability to work or prevents a person from working.
13. Ethics BR	Ethics-moral principles or beliefs that direct a person’s behavior.
14. Federal Trade Commission (FTC) BR	is an independent agency of the United States government, with a mission to promote consumer protection and eliminate and prevent monopolies.
15. Food and Drug Administration (FDA) BR	responsible for protecting the health of the public in the following areas: food, drugs, medical devices, cosmetics, tobacco, animal products
16. Health Savings Account--HSA BR	tax-advantaged savings account available to people enrolled in qualifying high deductible health plans
17. Homeowner's Insurance BR	Required coverage that provides protection for your residence and its associated financial risks, such as damage to personal property and injuries to others.
18. Inflation BR	Overall increase in price of goods and services
19. Insurance BR	form of risk management that pools the premiums of a large group of people to cover the expenses of smaller number within the group who suffer losses
20. Investment BR	purchased financial asset that is expected to increase in value, provide income, or both.
21. IRA BR	are tax-deferred, personal retirement plans
22. Preferred Stock BR	type of stock that pays regular dividends at a set rate.
23. Liability Risk BR	current or future financial obligation
24. Life Insurance BR	provides money for policyholders who lose a loved one and thus, a source of income.
25. Mutual Fund BR	investment created by pooling the money of many people and investing in a collection of several securities.

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	Created by Bradley Russell over 3 years ago