Exam-3-Final-D Flashcards
1
Q
Contarian Approach
A
buying stock when everyone is selling
2
Q
3 advantages of credit cards
A
1-you may need a credit card for certain purchases
2-keep track of purchases
3-more convient than cash
3
Q
401k
A
savings plan that allows tyou to depoist pretax dollars and earnings compound until withdrawl
4
Q
will
A
a document that names the guardian for your children and states how to distruibte assets
5
Q
executor
A
person who assembles and values your estate, and distributes assets
6
Q
term insurance
A
pure insurance protection for a given number of years
7
Q
whole life insurance
A
life insurance that combines pure insurance and savings
8
Q
disability insurance
A
pays part of the cost of a long term sickness
9
Q
umbrella policy
A
saving money from buying mulitple policys from one company
