PPT 2

Allow employees to make contributions into a retirement account that may feature a range of investment options

• 401(k) / 403(b) plans

• annuity

• CD

• APY

Upfront money from the buyer that is used pay for a portion of the house

• adjustable rate mortgage

• collateral

• down payment

• fixed rate mortgage

Cash distributed to company shareholders

• bond

• diversification

• dividends

• coupon payments

Government agency that regulates and monitors the stock market

• Securities and Exchange Commission (SEC)

• shareholders

• stocks

• bond

Serves as the central bank of the United States

• Federal Reserve System

• inflation

• money orders

• fiat money

A process in which the courts provide protection for a person who is unable to pay off his or her debts

• bankruptcy

• credit card

• credit check

• credit provider

Allows a homeowner to borrow against the equity in his or her home. Equity is the difference between the home's value and the amount owed to a lender

• collateral

• down payment

• home equity loan

• fixed rate mortgage

An agreement to allow borrowing as needed up to a certain amount of money

• line of credit

• collateral

• down payment

• policy riders

A numeric score that uses your credit history to assess your creditworthiness

• credit score

• identity theft

• installment credit

• interest

When someone uses your personal information without your permission for personal gain

• credit score

• identity theft

• installment credit

• interest