Shared Flashcard Set

Details

Adult Living
Housing and Finance
16
Other
12th Grade
11/02/2009

Additional Other Flashcards

 


 

Cards

Term
commercial banks
Definition
most popular form of financial institution which has shareholders and makes a profit
Term
Credit Union
Definition
financial institution that is non-profit and has members
Term
Savings and Loans
Definition
aka Thrifts, Often higher interest rates with no interest
Term
Online banking
Definition
banking that is done online
Term
FDIC
Definition
Federal Deposit Insurance Commission Insures bank accounts up to $100,000
Term
Home inspection
Definition
inspection of the foundation, walls, and for mold or pests before buying house
Term
Credit report
Definition
an analysis on your credit, shows loans and gives credit score
Term
escrow
Definition
payment that goes to the realtor
Term
fixed mortgage
Definition
mortgage stays at the same interest rate
Term
resale value
Definition
the value that a home or automobile can be resold as
Term
adjustable mortgage
Definition
mortgage that has differing interest rates
Term
custom built
Definition
a home that is built just for you
Term
mutual funds
Definition
a group of people put money into the stock market together
Term
renting
Definition
living in a home that is not owned by yourself and has to pay monthly
Term
IRA
Definition
personal account of investments
Term
401K
Definition
investments done with the employer company normally doubles the investment the employee puts in
Supporting users have an ad free experience!