Skibidi Flashcards
A.P.R. vs. A.P.Y.
Annual Percentage Rate vs. Annual Percentage Yield
Balance
Total amount you have in savings - Debit
Total amount you owe on a loan - Credit
Bond (Corporate or Treasury)
Fixed-Income instrument that represents a loan made by an investor to a borrower
Capacity to pay
Capacity of a debt/debtor to pay or repay its debts, loans or similar obligations
Capital gains
Profits you make from selling an asset
C.D.’s
Locked in saving accounts
Character (for credit)
Passed history with credit - credit score / credit history
Checking account (DDA)
Spending account - Check and debit demand
Collateral
Repo-d - Only secured loans that have collateral
Comprehensive insurance
Covers your own car if it is not a moving accident
Collision Insurance
Covers your own car if it is a moving accident
Co-Payment
Set amount you pay when you go to the doctor - about $25
Credit score/creditworthiness
How likely you will pay a loan on time
Credit union (vs. commercial bank)
Small banks - For members
Lower interest loan
Debit card
Attached to a checking account - Immediately withdraws money
Deductible
The amount you pay before your insurance plan starts to pay
Depreciation
Amount of money you are responsible for paying toward an insured loss
Diversification
Becoming more diverse
Dividends
Sum of money that is paid regularly
Dow Jones
The top 30 stocks or companies nationally
FAFSA
Free Application for Federal Student Aid
FDIC insured
Government agency that insures your savings up to $250k
Grants
Financial award given by government entity, foundation, cooperation, or other organization to an individual
Gross income
Sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings
H.M.O
IN NETWORK group of doctors - cheap and no choices
Installment loan
Type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments
Investment
An asset or item acquired to generate income or gain appreciation
Invoice
How much the dealership bought the car for
I.P.O
Process of offering shares of private corperations to the public in a new stock issuance for the first time.
I.R.A
Provide tax advantages for retirement savings
Lease (Apartment)
Contractual arrangement calling for the user to pay the owner for the use of an asset
Maturity (bond)
Date on which the bond issuer pays back everything they owe to bondholders
Money Market Account
deposit account that pays interest based on current interest rates in the money markets
M.P.G
Miles per Gallon
M.S.R.P
Sticker price
Mutual fund
An Investment fund that pools money from many investors to purchse securities
NASDAQ
Technology stocks
Net Monthly Income
The amount you receive after deductions been taken out
Par value / face value
Set by the company in the organization documents.
P.P.O
Can go to any legit doctors
Premium
The amount you pay each month to keep your insurance policy active
Principal
main party or the most important aspect of a particular insurance contract or arrangement
Revolving Loan
No fixed number of payments
S & P 500
Top 500 of USA largest stocks
Savings accounts
Money you save in
Security Deposits
Money paid when something is rented to cover possible loss or damage
Stocks
Part of a publicly traded company you have invested in
Stock Split
Increases the number of shares in a company
Tenant
person who occupies land or property rented from a landlord
Tuition vs room and board
Education vs. student housing accompanied by meal plan
