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Flashcards - Money & Resource Management

Flashcards - Money & Resource Management
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credit score
A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of the person
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personal budget
A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment
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Unemployment compensation
Unemployment benefits are social welfare payments made by the state or other authorized bodies to unemployed people
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Health insurance
Health insurance is insurance against the risk of incurring medical expenses among individuals
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Commercial banks
A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products
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budget
A budget is a quantitative expression of a plan for a defined period of time
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12 cards in set
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Back
budget
A budget is a quantitative expression of a plan for a defined period of time
Commercial banks
A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products
Health insurance
Health insurance is insurance against the risk of incurring medical expenses among individuals
Unemployment compensation
Unemployment benefits are social welfare payments made by the state or other authorized bodies to unemployed people
personal budget
A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment
credit score
A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of the person
Federal Trade Commission
The Federal Trade Commission is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act
Financial intermediation
A financial intermediary is an institution or individual that serves as a conduit for parties in a financial transaction
term policy
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term
Liability insurance
Liability insurance is a part of the general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits and similar claims
deductible
In an insurance policy, the deductible is the amount of expenses that must be paid out of pocket before an insurer will pay any expenses
activities of daily living
Activities of daily living is a term used in healthcare to refer to people's daily self care activities

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