Unit 2 Finance Flashcards
1
Q
premium
A
amount of moey pad for a policy and is usually deducted from a monthly paycheck
2
Q
deductible
A
the amount you are responsible for paying before insurance
3
Q
copay
A
the amount you have to pay for a specific visit (usually 20% of a total cost)
4
Q
cash flow
A
the amount of money coming in per month/ other time period
neg= lose money, pos= save money
