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Econ > Skibidi > Flashcards

Skibidi Flashcards

1
Q

A.P.R. vs. A.P.Y.

A

Annual Percentage Rate vs. Annual Percentage Yield

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2
Q

Balance

A

Total amount you have in savings - Debit
Total amount you owe on a loan - Credit

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3
Q

Bond (Corporate or Treasury)

A

Fixed-Income instrument that represents a loan made by an investor to a borrower

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4
Q

Capacity to pay

A

Capacity of a debt/debtor to pay or repay its debts, loans or similar obligations

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5
Q

Capital gains

A

Profits you make from selling an asset

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6
Q

C.D.’s

A

Locked in saving accounts

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7
Q

Character (for credit)

A

Passed history with credit - credit score / credit history

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8
Q

Checking account (DDA)

A

Spending account - Check and debit demand

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9
Q

Collateral

A

Repo-d - Only secured loans that have collateral

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10
Q

Comprehensive insurance

A

Covers your own car if it is not a moving accident

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11
Q

Collision Insurance

A

Covers your own car if it is a moving accident

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12
Q

Co-Payment

A

Set amount you pay when you go to the doctor - about $25

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13
Q

Credit score/creditworthiness

A

How likely you will pay a loan on time

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14
Q

Credit union (vs. commercial bank)

A

Small banks - For members
Lower interest loan

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15
Q

Debit card

A

Attached to a checking account - Immediately withdraws money

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16
Q

Deductible

A

The amount you pay before your insurance plan starts to pay

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17
Q

Depreciation

A

Amount of money you are responsible for paying toward an insured loss

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18
Q

Diversification

A

Becoming more diverse

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19
Q

Dividends

A

Sum of money that is paid regularly

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20
Q

Dow Jones

A

The top 30 stocks or companies nationally

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21
Q

FAFSA

A

Free Application for Federal Student Aid

22
Q

FDIC insured

A

Government agency that insures your savings up to $250k

23
Q

Grants

A

Financial award given by government entity, foundation, cooperation, or other organization to an individual

24
Q

Gross income

A

Sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings

25
Q

H.M.O

A

IN NETWORK group of doctors - cheap and no choices

26
Q

Installment loan

A

Type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments

27
Q

Investment

A

An asset or item acquired to generate income or gain appreciation

28
Q

Invoice

A

How much the dealership bought the car for

29
Q

I.P.O

A

Process of offering shares of private corperations to the public in a new stock issuance for the first time.

30
Q

I.R.A

A

Provide tax advantages for retirement savings

31
Q

Lease (Apartment)

A

Contractual arrangement calling for the user to pay the owner for the use of an asset

32
Q

Maturity (bond)

A

Date on which the bond issuer pays back everything they owe to bondholders

33
Q

Money Market Account

A

deposit account that pays interest based on current interest rates in the money markets

34
Q

M.P.G

A

Miles per Gallon

35
Q

M.S.R.P

A

Sticker price

36
Q

Mutual fund

A

An Investment fund that pools money from many investors to purchse securities

37
Q

NASDAQ

A

Technology stocks

38
Q

Net Monthly Income

A

The amount you receive after deductions been taken out

39
Q

Par value / face value

A

Set by the company in the organization documents.

40
Q

P.P.O

A

Can go to any legit doctors

41
Q

Premium

A

The amount you pay each month to keep your insurance policy active

42
Q

Principal

A

main party or the most important aspect of a particular insurance contract or arrangement

43
Q

Revolving Loan

A

No fixed number of payments

44
Q

S & P 500

A

Top 500 of USA largest stocks

45
Q

Savings accounts

A

Money you save in

46
Q

Security Deposits

A

Money paid when something is rented to cover possible loss or damage

47
Q

Stocks

A

Part of a publicly traded company you have invested in

48
Q

Stock Split

A

Increases the number of shares in a company

49
Q

Tenant

A

person who occupies land or property rented from a landlord

50
Q

Tuition vs room and board

A

Education vs. student housing accompanied by meal plan

Econ (1 decks)

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