W!SE Vocab #6

The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan. 

• ATM
• APR
• EFT
• ABP

Stocks of large, well-established corporations with a solid record of profitability. 

• Stock
• Preferred Stock
• Blue Chip Stock
• Capital Stock

Formal request made to an insurance company for payment for a loss.

• Claim
• Deductible
• Collision Coverage
• Comprehensive Coverage

A measure of creditworthiness based on an analysis of your credit and financial history. 

• Credit Report
• Credit Rating
• Credit History
• Credit Reporting Agency

Widely followed stock index that is an average of the price movements of 30 major stocks listed in the New York Stock Exchange. 

• Face Value
• Equities
• Dow Jones Industrial Average
• Stock Exchange

The payments your insurance provider guarantees to make after covered services under an insurance policy. 

• Installment Loan
• Interest Rates
• Investing
• Insurance Benefit

Government-sponsored health insurance designed for people with low incomes or disabilities, regardless of age. 

• Managed Healthcare
• Medicare
• Medicaid
• Health Insurance

Setting aside a certain amount of money into your savings account before spending on needs and wants. 

• Pay Yourself First
• Savings
• Payday Loan
• Paycheck

Retaking possession of something when a borrower defaults on payments.

• Rate of return
• Risk
• Repossession
• Secured Loan

Unit of ownership in a corporation.

• Stocks
• Preferred Stocks
• Managed Stocks
• Stock Split