Banzai Vocab

3. A document detailing the type and amount of coverage your insurance offers.
6. A type of auto insurance that protects against damage costs accrued by the policyholder.
9. A check into your credit history, typically in advance of applying for a loan. Hard inquiries can negatively affect your credit for 12 months and remain on your credit history for two years.
10. The amount you'll need to pay before insurance kicks in and covers the rest of your costs. For renters and auto insurance, the deductible is per claim.
11. A request submitted to your insurance provider to help pay for covered expenses.
13. A budgeting method where you record your earnings twice: once in your account and once in your budget.
14. A service that provides financial protection against the unpredictable; like car accidents or broken arms.
15. Illegally using someone else's identity for personal or financial gain.
17. Insurance that protects you from being sued if you're at fault for personal or property damage.
20. A contract that lets you use someone else's property for a specified rate and length of time.
21. A document that comes with your paycheck, showing how much you were paid and how much was withheld for taxes.

1. Car insurance that protects against damage that isn't caused by a collision.
2. The amount deducted from your paycheck by your employer to go toward paying things like federal and state taxes, social security taxes, and health insurance.
4. A policy offered by a private third party that protects your lender against mortgage default. It's usually required unless the purchaser pays a down payment of at least 20%.
5. The total amount of unpaid money on a loan excluding any interest charges or the initial amount borrowed on a loan.
7. A number assigned to an individual that quantifies their ability to use and pay back credit.
8. Anything that you spend money on, whether it's a necessity or a luxury.
12. A detailed list of the factors contributing to your credit score, including open accounts and payment histories.
16. The amount that you own in assets minus the amount you owe in liabilities.
18. Paying a loan off in installments, rather than one lump sum.
19. Contributions to state and federal governments to pay for things like public services and infrastructure.