Jak vocab

5. typically assessed monthly, this is the lowest amount you can pay back in a given period in order to not have negative effects.
10. how much an investment gains or loses over a specific amount of time.
12. an amount paid before a large purchase to reduce the loan amount and prove your interest and ability to make such a purchase.
13. life insurance with a finite coverage period; usually 5, 10, 20, or even 30 years.

1. a document that comes with your paycheck, showing how much you were paid and how much was withheld for taxes.
2. contributions to state and federal governments to pay for things like public services and infrastructure
3. the amount that you own in assets minus the amount you owe in liabilities.
4. the amount deducted from your paycheck by your employer to go toward paying things like federal and state taxes, social taxes, social security taxes, and health insurance.
6. illegally using someone else’s identity for personal or financial gain.
7. A document detailing the type and amount of coverage your insurance offers
8. the total amount of unpaid money on a loan excluding any interest charges or the initial amount borrowed on a loan.
9. your income from any and all sources, before taxes are withheld.
11. a contract that lets you use someone else’s property for a specified rate and length of time.