5 - Personal Finance

Question 1

credit

Answer 1

borrowed money or asset

Question 2

borrowed money or asset

Answer 2

credit

Question 3

term loan

Answer 3

money borrowed that will be repaid in agreed upon time frame and in regular payments

Question 4

money borrowed that will be repaid in agreed upon time frame and in regular payments

Answer 4

term loan

Question 5

line of credit

Answer 5

borrowed money that can be repaid and borrowed again easily and flexibly

Question 6

borrowed money that can be repaid and borrowed again easily and flexibly

Answer 6

line of credit

Question 7

interest rate

Answer 7

the fee charged on borrowed money. usually expressed in APR (annual percentage rate)

Question 8

the fee charged on borrowed money usually expressed in APR (annual percentage rate)

Answer 8

interest rate

Question 9

credit score

Answer 9

a statistical display of personal creditworthiness, e.g. FICO and SCHUFA

Question 10

a statistical display of personal creditworthiness, e.g. FICO and SCHUFA

Answer 10

credit score

Question 11

principal

Answer 11

the original amount of money borrowed

Question 12

the original amount of money borrowed

Answer 12

principal

Question 13

down payment

Answer 13

a partial cash payment at the start of a financed asset, usually between 5 and 20%

Question 14

a partial cash payment at the start of a financed asset, usually between 5 and 20%

Answer 14

down payment

Question 15

stock

Answer 15

Shares in a single corporation

Question 16

Shares in a single corporation

Answer 16

stock

Question 17

mutual fund

Answer 17

an investment vehicle that is made up of actively selected stocks and bonds

Question 18

an investment verhicle that is made up of actively selected stocks and bonds

Answer 18

mutual fund

Question 19

index fund

Answer 19

a fund that is designed to track a large segment of a market

Question 20

a fund that is designed to track a large segment of a market

Answer 20

index fund

Question 21

S&P-500

Answer 21

an index of the top 500 corporations in the USA

Question 22

an index of the top 500 corporations in the USA

Answer 22

S&P-500

Question 23

bond

Answer 23

a loan to corporation of government that will be repaid with interest

Question 24

a loan to corporation of government that will be repaid with interest

Answer 24

bond

Question 25

ETF

Answer 25

a diverse investment that trades like an individual stock

Question 26

a diverse investment that trades like an individual stock

Answer 26

ETF

Question 27

credit

Answer 27

Kredit

Question 28

Kredit

Answer 28

credit

Question 29

term loan / installment credit

Answer 29

Darlehen

Question 30

Darlehen

Answer 30

term loan / installment credit

Question 31

line-of-credit

Answer 31

Dispo-Kredit

Question 32

Dispo-Kredit

Answer 32

line-of-credit

Question 33

interest rate

Answer 33

Zinsfuß

Question 34

Zinsfuß

Answer 34

interest rate

Question 35

principal

Answer 35

Grundkapital

Question 36

Grundkapital

Answer 36

principal

Question 37

down payment

Answer 37

Anzahlung

Question 38

Anzahlung

Answer 38

down payment

Question 39

Minimum payment

Answer 39

Mindestzahlung

Question 40

Mindestzahlung

Answer 40

Minimum payment

Question 41

balance

Answer 41

Bilanz / Restbetrag

Question 42

Bilanz / Restbetrag

Answer 42

balance

Question 43

Floating interest rate

Answer 43

variabler Zinssatz

Question 44

variabler Zinssatz

Answer 44

Floating interest rate

Question 45

collateral

Answer 45

Pfand

Question 46

Pfand

Answer 46

collateral

Question 47

home equity

Answer 47

Eigenkapital

Question 48

Eigenkapital

Answer 48

home equity

Question 49

cash flow

Answer 49

Zahlungsmittel

Question 50

Zahlungsmittel

Answer 50

cash flow

Question 51

bond

Answer 51

Verbindlichkeit

Question 52

Verbindlichkeit

Answer 52

bond

Question 53

to deduct fees

Answer 53

Gebühren abziehen

Question 54

Gebühren abziehen

Answer 54

to deduct fees

Question 55

to keep track of something

Answer 55

etwas im Auge behalten

Question 56

to cover your costs

Answer 56

Kosten decken

Question 57

etwas im Auge behalten

Answer 57

to keep track of something

Question 58

Kosten decken

Answer 58

to cover your costs

Question 59

Gebühr berechnen / liquidieren

Answer 59

to charge a flat fee

Question 60

to charge a flat fee

Answer 60

Gebühr berechnen / liquidieren

Question 61

sich mit dem Durchschnitt zufrieden geben

Answer 61

to settle for average

Question 62

to settle for average

Answer 62

sich mit dem Durchschnitt zufrieden geben

Question 63

to provide the lender with collateral

Answer 63

dem Verleiher Pfand geben

Question 64

dem Verleiher Pfand geben

Answer 64

to provide the lender with collateral

Question 65

flexibler Rückzahlungsplan

Answer 65

a flexible repayment schedule

Question 66

Zinsen anfallen

Answer 66

to accrue interest

Question 67

a flexible repayment schedule

Answer 67

flexibler Rückzahlungsplan

Question 68

to accrue interest

Answer 68

Zinsen anfallen

Question 69

Nichteinhaltung / Versäumnisse vermeiden

Answer 69

to avoid default

Question 70

to avoid default

Answer 70

Nichteinhaltung / Versäumnisse vermeiden

Question 71

einen Teil des Grundkapitals zurück zahlen

Answer 71

to pay back part of the principal

Question 72

to pay back part of the principal

Answer 72

einen Teil des Grundkapitals zurück zahlen

Question 73

to secure a lower interest rate / a loan with collateral

Answer 73

?

Question 74

?

Answer 74

to secure a lower interest rate / a loan with collateral

Question 75

to borrow against

Answer 75

?

Question 76

?

Answer 76

to borrow against

Question 77

to take out / pay off a loan

Answer 77

?

Question 78

?

Answer 78

to take out / pay off a loan

Question 79

depreciating housing market

Answer 79

sinkender Wert des Wohnungsmarkts

Question 80

sinkender Wert des Wohnungsmarkts

Answer 80

depreciating housing market

Question 81

stock

Answer 81

Aktie

Question 82

Aktie

Answer 82

stock

Question 83

mutual fund

Answer 83

Investmentfond

Question 84

Investmentfond

Answer 84

mutual fund

Question 85

index fund

Answer 85

Indexfond

Question 86

Indexfond

Answer 86

index fund

Question 87

to strive to save

Answer 87

danach streben zu sparen

Question 88

danach streben zu sparen

Answer 88

to strive to save

Question 89

to slash spending

Answer 89

Ausgaben drastisch reduzieren

Question 90

Ausgaben drastisch reduzieren

Answer 90

to slash spending

Question 91

to pay your balance in full

Answer 91

den Restbetrag komplett abbezahlen

Question 92

den Restbetrag komplett abbezahlen

Answer 92

to pay your balance in full

Question 93

to max out your savings

Answer 93

Ersparnisse ausreizen

Question 94

Ersparnisse ausreizen

Answer 94

to max out your savings

Question 95

to diversify your portfolio

Answer 95

Bestand abwechslungsreicher gestalten

Question 96

Bestand abwechslungsreicher gestalten

Answer 96

to diversify your portfolio

Question 97

to pick good stocks

Answer 97

gute Aktien auswählen

Question 98

gute Aktien auswählen

Answer 98

to pick good stocks

Question 99

to pay off your debt

Answer 99

Schulden zurückzahlen

Question 100

Schulden zurückzahlen

Answer 100

to pay off your debt