Semester Exam

5. number: Each credit card account has a unique number
6. injury liability: covers bodily injury if a driver is at fault in an accident.
8. date: The date the bill (statement) was written
9. credit: the difference between the maximum amount you can owe and the actual amount you owe
11. card statement: an accounting of the credits and debits in the form of a monthly report sent to a credit card holder
12. The middle number when numbers are in ascending or descending order
13. holiday time: Paid time off for holidays that an employer may offer to employees as an employee benefits
15. A method of payment where an employee receives a percentage of the amount of sales produced by that employee.
18. range: the difference between the upper and lower quartiles.
21. due date: On this date the monthly payment must be received by the creditor
22. Two times a month
24. damage liability: insurance coverage that pays for damage a driver causes to another person’s property.

1. Lists where purchases are made and the date.
2. cycle: a predetermined amount of time set by the credit card company that is used for calculating a credit card bill
3. Once per week
4. Twelve times a year
7. insurance: a type of insurance that covers a person from damages; most states set minimum liability requirements
8. Additional compensation from an employer; benefits can include health and dental insurance, child care, retirement, and travel expenses
10. a short accounting of a job-seeker’s education and qualifications for employment
13. vacation time: Paid time off that an employer may offer to employees as an employee benefit.
14. Money that employees or others receive based on sales, for example an author or musician.
16. line: the maximum amount you can owe at any time
17. Every two weeks
19. plans: A means that employers may offer as to save for retirement; theses types of plans may include pensions or 410(K).
20. often referred to as average; the sum of all the numbers in a data set divided by the numbers of elements in the data set.
23. The most often occurring value in a data set; there can be more than one mode or no modes at all.