Banking | Insurance | College sense vocab | Stock market | Miscellaneous |
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What is a customer service representative
The person who answers questions about bank accounts
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What is a policy
Contract insurance agreement
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What is EFC
The amount of money the federal government estimates family will contribute to college
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What is stock
Core of America's economic system
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What is liquidity
How quickly or easily an investment can be turned into cash
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What is a bank teller
Person that handles day to day transactions
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What is deductible
Out of pocket money for claim
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What is Grant
Form of financial aid that does not have to be repaid
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What is dividends
Distributures or earnings paid to stock holders
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What is Rule of 72
Time it will take an investment or debt to double using compound interest
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What is loan officer
Person who makes sure you qualify for a loan
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What is renters insurance
Protects the contents of a dwelling instead of the dwelling
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What is principal
Amount of the loan that must be repaid upon maturity and amount that interest will be charged
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What is earnings per share
How much income a company has available to lay in dividends and reinvest as retained earnings on a per share basis
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What is savings
Portion of current income not spent on consumption
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What is branch manager
Person who makes final judgement on loans
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What is homeowners insurance
Protection for dwelling in case of perils
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What is scholarship
Awards given for varies areas if scholastic achievement. Similar to grants
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What is dividends per share
Total cash paid to common stockholders per share annually
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What is contactless payment
Indementation of wireless payment
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What is checking account
Account linked to ATM/ debit card
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What is premium
Monthly payments to keep insurance
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What is stafford loan
Loans under the FFELP awarded on basis of financial aid
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What is broker
The person who buys and sells stock
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What is RDIF
Frequency used by contactless payment devices
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