Careers Chapter 4

A loan of money to a business or government that is paid back with interest over time.

• Savings Account

• Interest

• Bond

Certificate of Deposit; saving certificate with a fixed saving period and a fixed interest rate.

• CD

• Bond

• Savings Account

Amount you must pay before you receive any benefits from your insurance coverage.

• Premium

• Deductible

• Interest

Wrongful or criminal deception for financial gain.

• Fraud

• Interest

• legal

The illegal use of someone's personal information to purchase or receive benefits.

• Identity Theft

• Debt

• Kidnapping

The rate at which the prices for goods and services rise.

• Interest

• Deductible

• Inflation

An agreement in which a policyholder transfers the risk for potential financial losses to another party in exchange for a fee.

• Interest

• Insurance

• Identity Theft

A financial professional who manages investments and has been trained and licensed to do so.

• Investment Advisor

• Insurance Agent

• Lawyer

A policy that protects and individual to the event of a lawsuit due to injury as the result of an accident.

• Life Insurance

• Liability Insurance

• Health Insurance

A collection of stocks, bonds, and other investments owned by a group of investors who put their money together.

• Liability Insurance

• Health Insurance

• Mutual Fund