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WorksheetsFinance Vocab
Total questions: 15
Worksheet time: 9mins
Premium
Back
An additional cost paid on top of an asset's normal cost.
15.
Premium
Insurance
401(K)
IRA
Individual Retirement Account.
(a)
Is Gross pay Back The amount of money you receive before taxes are withheld.
YES
NO
Who cares
Your M0M.
What is a premium?
The amount you pay the insurance company for coverage.
The amount you are personally required to pay before your insurance covers the cost.
A fixed fee you pay for specific medical services.
The most you have to pay for health care in a full year.
A ______ is the charge for coverage, and a ______ is the amount the insured is required to contribute before the insurer pays the rest.
Deductible; Premium
Premium; Deductible
Claim; Casualty
Casualty; Claim
If you are considered a high risk driver, you will probably pay a lower premium (monthly payment).
True
False
A sum a buyer pays upfront when purchasing an expensive good such as a home or car.
Insurance.
Retirement
Down Payment.
The Bruin Way
(a) Interest that applies not only to the initial principal of an investment or a loan, but also to the accumulated interest from previous periods.
What is a premium?
The amount you pay the insurance company for coverage.
The amount you are personally required to pay before your insurance covers the cost.
A fixed fee you pay for specific medical services.
The most you have to pay for health care in a full year.
If you are considered a high risk driver, you will probably pay a lower premium (monthly payment).
True
False
A pooled collection of assets that invests in stocks, bonds, and other securities.
Assets
Stock Market
Diversified Portfolio
Mutual Fund.
A specified amount of money that the insured must pay before an insurance company will pay a clam.
Wholesale
Copay
Deductible.
Mark up
The price at which a business sells a product or service in bulk to a retailer or another business, rather than directly to a consumer.
Equity
Wholesale.
Income tax
Sales tax
Something having value, such as a possession or property, that is owned by a person, business, or organization.
(a)
A pooled collection of that invests in stocks, bonds, and other securities.
Mutual Funds.
Assets
Divined
Clame
