33588917
Description
Flashcards by Bradley Russell, updated more than 1 year ago
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Created by Bradley Russell
over 2 years ago
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| 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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