Vocab Words 46-70 FLASH CARDS

A type of insurance where an insurance company agrees to pay for some or all of your medical expenses in exchange for a monthly premium payment.

A type of insurance that covers damages to an insured person's home, property, and personal belongings.

Money received or earned for work done, from investments or other sources.

A loan that provides a specific amount of money that you borrow all at once. It is set to be paid back over a period of time.

Benefits that an employer provides that cannot be quantified in monetary terms.

Money paid at a particular rate for the use of money lent, or for delaying the repayment of a debt.

The annual percentage paid on an interest-bearing savings account or CD, or the interest charged on loans. The interest paid on a deposit account is the 'annual percentage yield' (APY) and the rate charged on a loan is the 'annual percentage rate' (APR).

A paid position of employment.

A type of insurance that pays out a sum of money either on the death of the insured person or after a period of time.

A financial goal that will take more than five years to achieve.