PFM - Final Exam Vocabulary
Across
- 1. a person's priorities, beliefs and standards that affect how they view the world
- 7. typically not a good place to find a good deal
- 10. a form of federal or state financial aid that does NOT need to be repaid
- 11. amount you must pay before you begin receiving any benefits from your insurance company
- 13. a list of your investments
- 16. this type of budget is a cash flow plan that assigns an expense to every dollar of your income in which the total income minus the total expenses equals zero
- 18. Latin for "buyer beware"
- 19. amount you pay to purchase different types of insurance
- 20. refers to the financial option that is given up because you choose to do something else with your money
- 21. Tax collection and tax law enforcement agency
- 22. paying cash for purchases is not used to calculate this score
- 23. describes your pay after deductions
- 24. you cannot get into this if you use a debit card instead of a credit card
- 25. paperwork filed with an insurance company in order to get them to cover a loss for someone they insure
Down
- 2. a yearly amount that's charged by the credit card company for the convenience of the credit card
- 3. the act of matching your bank statement with your checkbook or debit card receipts
- 4. detailed information about an individual's credit history
- 5. feeling regret or concern after making a large purchase
- 6. a money myth that portrays student loans as the only financial option when it comes to funding one's college education
- 7. a developmental partnership through which one person shares knowledge, skills and perspectives to foster the personal and professional growth of someone else
- 8. the ability to do this give you power when you are negotiating a deal
- 9. a type of tax that is based on consumption (excise tax is too)
- 10. your pay before deductions
- 12. this type of interest pays interest on interest previously earned
- 14. the quality of being responsible, liable or answerable
- 15. the time frame that a loan agreement is in force, and before or at the end of which the loan should either be repaid or renegotiated for another term
- 17. saving money in a fund over time for large purchases so you can pay with cash