Vocab Practice Chapter 4

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

• identity theft
• bond
• CD
• deductible
• fraud

the potential impact of inflation and interest on money

• time value of money
• bond
• CD
• deductible
• fraud

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

• insurance
• bond
• CD
• deductible
• fraud

amount you must pay before you receive any benefits from your insurance coverage

• deductible
• bond
• CD
• fraud
• identity theft

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

• bond
• CD
• deductible
• fraud
• identity theft

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

• liability insurance
• bond
• CD
• deductible
• fraud

certificate of deposit; saving certificate with a fixed saving period and fixed interest rate

• CD
• bond
• deductible
• fraud
• identity theft

amount that is paid monthly, quarterly, semi-annually, or annually, to purchase insurance coverage

• premium
• bond
• CD
• deductible
• fraud

investments that represent small pieces of ownership in a company

• stocks
• bond
• CD
• deductible
• fraud

the rate at which the prices of goods and services rise

• inflation
• bond
• CD
• deductible
• fraud