Personal Financial Concepts Flashcard

Front

A small amount paid to purchase protection against future losses (The price to buy into Insurance)

Back

Premiums

Front

Tax paid on a sales of goods or services

Back

Sales Tax

Front

Cost of borrowing money on a yearly basis; considers the interest rate and other related fees on a loan.

Back

Annual Percentage Rate

Front

A number assigned to a person that indicates to lenders their likelihood to repay a loan.

Back

Credit Score

Front

Purchased to guard against risks

Back

Insurance

Front

Income earned on an investment

Back

Return

Front

Determined by whether or not borrowers repay loans

Back

Character

Front

Tax Paid on the value of property owned

Back

Property Tax

Front

A detailed report of an individual's credit history

Back

Credit Report

Front

An estimate of income and expenditure for a specific time period.

Back

Budget