Unit 2 vocab

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matt martin
Flashcards by matt martin, updated more than 1 year ago
matt martin
Created by matt martin over 7 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. 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 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. Beneficiary M.M.
Certificate of debt issued by a corporation or government. Bonds M.M.
Stock that has voting rights and receives dividends declared by the company Common Stock M.M.
Fraudulence use of someone else’s credit card information Credit Card Fraud M.M.
a report detailing a person's financial history specifically related to their ability to repay borrowed money. Credit Report M.M.
a specified amount of money that the insured must pay before an insurance company will pay a claim. Deductible M.M.
a long and severe recession in an economy or market. 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. Disability insurance M.M.
Moral principles and beliefs that direct a person’s behavior Ethics M.M.
the international exchange of goods and services that is expressed in monetary units of account (money). Global economy M.M.
a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. 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. Health Savings Account M.M.
the fraudulent acquisition and use of a person's private identifying information, usually for financial gain. Id Theft M.M.
a general increase in prices and fall in the purchasing value of money. 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. Insurance M.M.
current or future financial obligations 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. Life Insurance M.M.
an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. Money Market Fund M.M.
an investment program funded by shareholders that trades in diversified holdings and is professionally managed. Mutual Fund M.M.
stock that entitles the holder to a fixed dividend, whose payment takes priority over that of common-stock dividends. Preferred Stock M.M.
an amount to be paid for an insurance policy. Premium M.M.
The risk of theft, loss, or damage to your real or personal property. Property Risk M.M.
a risk with a possibility of a loss with no possible gains Pure Risk M.M.
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