Investing | Budgeting | Loans | Credit |
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What is Investing?
The buying of assets in hope of gaining personal wealth.
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What is a budget?
A plan to help someone mange money over some amount of time.
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What is a loan?
Money given to an individual or company which has to be paid back.
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What is Credit?
the ability of a customer to obtain goods or services before payment.
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What are Stocks?
It is the ownership of a share of a company.
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What is earned income?
Money someone gets for doing work (salary).
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What is interest?
The price you pay to borrow money or the cost you charge to lend money.
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What is credit score?
a number assigned to a person that indicates to lenders their capacity to repay a loan.
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What is the stock market?
Consists of exchanges in which stock shares and other financial securities of publicly held companies are bought and sold.
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What are fixed expenses?
Set amounts of expenses such as mortgage, rent, car payments, installment plans.
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What is the interest on undergraduate student loans?
4.99%
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What is a good credit score?
670-850
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What is the NASDAQ?
Is an online global marketplace for buying and trading securities.
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What are periodic expenses?
Expenses that occur over time but differ in amount such as car repairs, vacations, and getting a new phone/computer.
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What is collateral?
Something valuable that a lender can take as payment if a tenet doesn’t pay their loan.
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What is interest rate?
the proportion of a loan that is charged as interest to the borrower.
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Return of Invesment?
The _____ is the percentage of profit earned in an investment. A high positive percentage means money was made while a high negative value means money was lost.
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What is a spreadsheet?
A system to track a budget online where every time a purchase is made it is deducted from the total income for the month.
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What is an adjustable-rate mortgage?
A mortgage in which the initial interest rate is normally fixed for a specified period of time after which it is reset periodically, often every month.
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What is Fico?
The company who is in charge of credit scores.
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