Introduction to Personal Finance

2. Loan A short-term loan in which the borrower's car title is used as collateral.
4. a time deposit, a financial product commonly sold in accounts
7. liability an obligation to repay a debt between two or more parties
11. Cards card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
12. protection techniques to limit creditors' access to certain valuable assets
13. Tax the taxing authority charges the same rate of tax from each taxpayer
15. Tax tax that is applied uniformly
16. a specified amount of money that the insured must pay before an insurance company will pay a claim.
20. Account a bank account that earns interest.

1. a debt investment in which an investor loans money to an entity
3. investment plan an asset that you put money into with the hope that it will grow or appreciate into a larger sum of money.
5. Tax means of income redistribution.
6. Interest interest added to the principal of a deposit or loan
8. the charging of real (or personal) property by a debtor to a creditor as security for a debt
9. estate property consisting of land or buildings.
10. funds an investment program funded by shareholders that trades in diversified holdings and is professionally managed.
14. an amount to be paid for an insurance policy.
17. Account an account at a bank against which checks can be drawn by the account depositor.
18. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
19. the capital raised by a business or corporation through the issue and subscription of shares.