dividend:share or the fund's profits
CD: type of investment in which a person deposits a specific amount of money for a fixed amount of time at a stated interest rate.
401(k)plan: specific amount of your salary into a plan.
IRA: personal retirement account into which you can put a limited amount of money yearly.
Keogh plan: investing up to 25% of your yearly earnings for retirement.
SEP: simpler tax-deferred retirement plan that offers tax savings.
Endorse: sign of name on the back of pay check
Check register: small booklet for tracking your account.
EFT: the transfer of money from one bank account to another by electric means.
Online "Banking: a way to manage your money by electronic means.
Credit: sum of money a person can use before havong to reimburse the credit lender.
application fee: amount of money charged to apply for the loan>
Down payment: sum apid at the time of purchase.
finance charge: fee based on the amount of money you owe.
APR: yearly coast of the loan expressed as a percentage.
Credit bureau: is an agency that collects information on how promptly people and business pay their bills.
Monday, April 14, 2008
Friday, April 11, 2008
21 review
Chapter 21.1 Review
1. Why might someone who is just starting out prefer a regular savings account to a
Cd?
A beginner should start out with a regular savings account to keep tracj of.
2. Explain why you should start contributing to a retirement plan as soon as you can?
You should contribute to a retirement plan soon because it will be harder to have a retirement when you get older.
21.2
1. Why might you choose a regular checking account instead of a now account?
In a now account you have to keep a minimum of 500$ in order to keep open.
2.why must you write the amount of a check in both numerals and words?
In order to keep track of the money.
3.Why is it important to reconcile your check register and bank statement ?
to make sure that they match up and don't get credit frud.
21.3
1.Why is a credit card more convenient for everyday purchases than a loan?
credit card will be easier to pay than a loan.
2. Why is it easy for someone people to get into financial trouble when they have credit cards?
They go over the amount and don't have the money to pay for it.
1. Why might someone who is just starting out prefer a regular savings account to a
Cd?
A beginner should start out with a regular savings account to keep tracj of.
2. Explain why you should start contributing to a retirement plan as soon as you can?
You should contribute to a retirement plan soon because it will be harder to have a retirement when you get older.
21.2
1. Why might you choose a regular checking account instead of a now account?
In a now account you have to keep a minimum of 500$ in order to keep open.
2.why must you write the amount of a check in both numerals and words?
In order to keep track of the money.
3.Why is it important to reconcile your check register and bank statement ?
to make sure that they match up and don't get credit frud.
21.3
1.Why is a credit card more convenient for everyday purchases than a loan?
credit card will be easier to pay than a loan.
2. Why is it easy for someone people to get into financial trouble when they have credit cards?
They go over the amount and don't have the money to pay for it.
Monday, April 7, 2008
Monday, March 31, 2008
Monday, March 24, 2008
Tuesday, March 18, 2008
Monday, March 17, 2008
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