Mini-Flashcard #3

Front

What is a stock?

Back

A stock is a share in the ownership of a company that is traded on the stock market.

Front

An investment created by pooling money from multiple investors to buy a diversified portfolio of securities.

Back

Mutual Fund

Front

Purchasing a financial product or valuable item with the goal of making money is ___________.

Back

investing

Front

The legal process of concluding the affairs of an estate is called ____________.

Back

probate

Front

What type of policy coverage pays for damages to your car in an accident you cause? Options: Comprehensive coverage, Collision coverage, uninsured motorist coverage, liability coverage

Back

Collision coverage

Front

Home prices, property taxes, zoning laws, and market trends should all be known by ______________.

Back

real estate agent

Front

A written estimate of the value of real estate is called ___________.

Back

appraisal

Front

If you have a high credit score your interest rate will be ______________.

Back

lower

Front

What type of insurance provides coverage for medical expenses?

Back

Health insurance

Front

What is an authorized representative for a shareholder in the stock market?

Back

a proxy