Personal Finance Vocab

3. (FDIC) the U.S. gov. institution providing deposit insurance
4. monthly, quarterly, semiannual, or annual price paid for an insurance policy
5. tax on wages and salaries to finance social security and medicare costs
11. act of not repaying borrowed money
12. form of stock without vote, stockholders get their investments back before common
13. the dollars that become available for investors to use when others save
14. an amount you pay before the insurance company pays
16. amount of dependents a taxpayer claims to be responsible for
19. something of value that a borrower lets the lender claim if a loan is not repaid
22. nonprofit service cooperative that accepts deposits, makes loans, financial services
23. strategy of holding different investments to minimize risk
24. a situation in which the outcome is not certain, but the probabilities can be estimated
25. loan guaranteed only by a promise to repay it

1. a type of investment, often tax exempt, issued by state and local governments
2. person who buys/ sells securities for investors
4. money taken from employee’s gross pay that reduces income subject to taxes
6. group that channels savings to investorsIndividualRetirement Fund (IRA)
7. the price of credit to a borrower
8. company that sells shares of a portfolio of securities
9. (DDA) account funds can be removed from a bank by writing a check
10. loan that is backed up by collateral
14. check paid to stockholders, usually quarterly, representing a portion of corporate profits
15. money subtracted from an employee’s pay after taxes are withheld
17. persons or institutions to whom money is owed
18. common form of corporate ownership, usually with 1 vote/share for stockholders
20. certificate of ownership in a corporation, can be common or preferred stock
21. life of a bon or length of time funds are borrowed