JA financial Review 2

Money paid out of pocket before insurance covers the remaining costs.

• Deductible/ co-pay

• Insurance policy

• Premium

• Risk

A contact that outlines coverage plans and protects a person against financial loss or damage.

• Deductible/ co-pay

• Insurance policy

• premium

• Risk

The amount paid for an insurance policy.

• Deductible/ co-pay

• Insurance policy

• Premium

• Risk

The possible of financial loss or physical harm.

• Deductible/ co-pay

• Insurance policy

• Premium

• Risk

A for profit institution that offers personal loans, mortgages and other services.

• Bank

• Credit Union

• Financial institution

• Interest

A not-for-profit cooperative that offers bank services and is owned by its members.

• Bank

• Credit Union

• Financial Institution

• Interest

A business that provides money-related services.

• Bank

• Financial Institution

• Credit Union

• Interest

A fee received or paid for the use of money

• Bank

• Credit Union

• Financial Institution

• Interest

A web-only bank

• Internet banking

• Mobile banking

• online banking

• credit union

A wireless service that allows financial transactions by using an app or Web browser from a mobile device.

• Interest

• Internet banking

• Mobile banking

• Online Banking