Unit 2 vocab

matt martin
Flashcards by matt martin, updated more than 1 year ago
matt martin
Created by matt martin almost 4 years ago
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legal officer who represents a country or a state in legal proceedings and gives legal advice to the government. 424a5c9e-f123-41ae-b20d-2cd217998de7.png (image/png) Attorney General's office M.M.
It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy bcfd67b5-9e88-45f8-8f68-70721f4ba63f.jpg (image/jpg) Auto insurance M.M.
Person or organization named by a policyholder to receive the death benefit of an insurance policy after the policyholder's death. 73267f82-b2bf-475a-bf36-3e7d44c5ef6b.jpg (image/jpg) Beneficiary M.M.
Certificate of debt issued by a corporation or government. e31dd8d3-3b97-4b08-bfc6-ad7d673ab50c.jpg (image/jpg) Bonds M.M.
Stock that has voting rights and receives dividends declared by the company 2012851e-a2ed-4029-a7a5-e80845c1b76c.jpg (image/jpg) Common Stock M.M.
Fraudulence use of someone else’s credit card information 8833e26f-7ecb-4ac0-b3da-34d6fec01a41.jpg (image/jpg) Credit Card Fraud M.M.
a report detailing a person's financial history specifically related to their ability to repay borrowed money. 468380eb-b721-4f6b-a965-fde9ba323600.jpg (image/jpg) Credit Report M.M.
a specified amount of money that the insured must pay before an insurance company will pay a claim. 43c6675c-ec33-407f-bee8-cc4df614f7f1.jpg (image/jpg) Deductible M.M.
a long and severe recession in an economy or market. 4252bf3c-864c-48d9-bab6-26ef4cdbd1f3.jpg (image/jpg) Depression M.M.
offers income protection to individuals who become disabled for a long period of time, and as a result can no longer work during that time period. 2b1e7c13-0d90-4658-aac7-1af27aa01d95.png (image/png) Disability insurance M.M.
Moral principles and beliefs that direct a person’s behavior f0a1d41a-edbe-478d-97c9-3b671f5d715b.jpg (image/jpg) Ethics M.M.
the international exchange of goods and services that is expressed in monetary units of account (money). ff2abe39-b9de-46d6-ae9a-e472e16589e9.jpg (image/jpg) Global economy M.M.
a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. bcd67068-56b8-48bf-a0c2-21f2fe36604b.jpg (image/jpg) Health insurance M.M.
a savings account used in conjunction with a high-deductible health insurance policy that allows users to save money tax-free against medical expenses abbreviation HSA. 2e71ba6d-2028-4552-b033-5deaaf34d65c.jpg (image/jpg) Health Savings Account M.M.
the fraudulent acquisition and use of a person's private identifying information, usually for financial gain. 602663f1-c672-4931-abbb-97d7b353d290.jpg (image/jpg) Id Theft M.M.
a general increase in prices and fall in the purchasing value of money. f01db1fe-df4e-4ab7-ade7-a6cdfe678625.jpg (image/jpg) Inflation M.M.
form of risk management by which a company provides compensation for specified loss, damage, illness, or death in return for payment of a premium. 84084b2a-6cbf-449e-b072-3acc13777bda.png (image/png) Insurance M.M.
current or future financial obligations 9ae603d4-6faa-4586-bcbe-6ed66e81e5ea.jpg (image/jpg) Liability Risk M.M.
insurance that pays out a sum of money either on the death of the insured person or after a set period. 83e32a1c-275a-4800-a11d-2f0e16d834d6.jpg (image/jpg) Life Insurance M.M.
an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. 815408dc-386a-47b6-8f82-42ff77b2818c.png (image/png) Money Market Fund M.M.
an investment program funded by shareholders that trades in diversified holdings and is professionally managed. 5118c3ef-9465-4c0e-896b-47e8168e13ea.jpg (image/jpg) Mutual Fund M.M.
stock that entitles the holder to a fixed dividend, whose payment takes priority over that of common-stock dividends. f841b1a5-55a8-4cb8-8023-931951d0fe11.jpg (image/jpg) Preferred Stock M.M.
an amount to be paid for an insurance policy. ca46eabc-1ba4-474e-8734-f7b7089ce067.jpg (image/jpg) Premium M.M.
The risk of theft, loss, or damage to your real or personal property. d09c3626-cd10-4644-acd6-45c66fb4ed87.png (image/png) Property Risk M.M.
a risk with a possibility of a loss with no possible gains 8ed543ea-dfa1-42f6-b6dc-151855bf58a4.jpg (image/jpg) Pure Risk M.M.
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