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Credit InvestmentCareer Career Investment Credit
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1a
A historical record of a person’s payment
activity
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1b
What is a credit report?
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2a
A legal process giving a person deeply in debt a plan to erase the debt.
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2b
What is bankruptcy?
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3a
Total percentage it costs you yearly to use your credit
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3b
What is the Annual Percentage Rate (APR)?
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4aOther creditors can increase your interest rate if you make one late payment – even if that late payment is made to a different
creditor
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4b
What is the
Universal Default Clause?
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5a
4 C’s of Credit
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5bWhat are:
Collateral
Capital
Capacity
Character
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6a
Payment you make for use of another’s money
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6b
What is interest?
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7a
Term for the money you borrow
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7b
What is the principal?
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8a
Payments are a set amount each month for a set
period of time.
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8b
What is an
Installment Loan?
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9a
Three things you should do to build a good credit
history
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9bWhat are:
• Always pay your bills on time• Make regular deposits to a savings account• Keep the number of credit cards and loans to a
minimum• Maintain a low balance on credit cards and pay off
each month• Maintain a good employment history• Maintain long term living arrangements
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10a
The three credit reporting agencies
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10bWhat are:
Equifax
TransUnion
Experian
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11aA lifetime profession or occupation that requires
skills or training and provides an income as well
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11b
What is a career ?
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12a
Relatively short term work that pays the bills for now
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12b
What is a job?
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13a
Additional programs like health insurance and
retirement plans offered by employers
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13b
What are
Employee Benefits?
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14a
The amount of money it takes to purchase typical
living expenses in a particular city.
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14b
What is
Cost of Living?
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15a
6 Employee Benefits
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What are:• Health Insurance• Dental Insurance• Life Insurance• Short term Disability Insurance• Retirement Plan• Paid Holidays• Vacation Pay• Sick Days Paid• Tuition Reimbursement
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16aA person who creates a business from a need and puts creativity
and ingenuity into action to provide a service or product?
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16b
What is an Entrepreneur?
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17a
People born between 1944 and 1964 and are starting
to retire
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17b
Who are the Baby Boomers?
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18a
4 Education Funding Options
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18bWhat are:• College Savings• Scholarships and Grants• Federal Education Loans• Private Education Loans• Work-Study Programs• Tuition Assistance from employer• Military Programs
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19a
List 5 Important Employee Skills
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19b
What are:• Analytical• Communication• Computer• Detail-Oriented• Flexibility and Adaptability• Honesty and Integrity• Interpersonal• Leadership• Motivation and Initiative• Organizational• Self-Confidence• Strong Work Ethic• Teamwork
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20a
3 Benefits of a 401K
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20b
What are:
Money is deducted from paycheck pre-tax
Money can be matched by employer
Money is contributed to a mutual fund with professional managers
Money is kept for retirement and earnings are not taxed until used
Money should be in a long term account and can take advantage of the Time Value of Money benefit
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21aA type of security that signifies ownership in a corporation
and represents a claim on part of the corporations’ assets and
earnings.
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21b
What is a stock?
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22aDistribution of a portion of
a company’s earnings, decided by the Board of
Directors, to a class of its shareholders.
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22b
What is a dividend?
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23aA measure of a public company’s size. It is the total dollar value of all outstanding
shares. It is calculated by multiplying the number of
shares by the current market price.
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23b
What is the market cap?
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24a
A valuation ratio of a company’s current share
price compared to its
per-share earnings.
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24b
What is the P/E ratio?
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25aThe portion of a company’s profit allocated to each outstanding share
of common stock. It is calculated as:
Net Income – Dividends on Preferred Stock
Average Outstanding Shares
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What is the EPS?
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26a
An area of the economy where businesses share the same or related
product or service
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26b
What is a sector?
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27aA formal agreement where the borrower, (govt), can use your money for a set period of time
and you, as the lender, will get paid a specific amount of
interest in return
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27b
What is a
Government Bond?
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28aThis investment option takes money from many investors and uses it to make
growth or income investments based on a stated investment objective.
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28b
What is a
Mutual Fund?
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29a
An index fund that is worth 1% of the Dow Jones average
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29b
What is a Diamond?
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30a
This index tracks 2000 small cap stocks
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30b
What is the Russell 2000 Index?
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