| A | B |
|---|
| credit card | card you charge at several stores |
| credit counseling | assists clients with spending less on debt |
| consumer loan | bank loan to a person |
| keep track of spending | advantage of giving employees credit cards for work related spending |
| capacity | "c" of credit where you save a lot of money over the years |
| credit application | form to complete to apply for a credit card |
| credit report | document to obtain information about Ann's reputation for paying her bills |
| charge account | prearranged equal payments monthly |
| credit data | infor when a bank reports checking acct and savings info |
| statement of account | when a bank sends quarterly summaries of transactions |
| example of content for a credit contract | Repair services fee may apply statement |
| truth in lending law | protects you from unauthorized charges |
| equal credit opportunity act | regulation of making sure all applicants are creditworthy before issuing any of them credit cards |
| fair credit reporting act | sue a furniture store that verified it provided inaccurate information about your credit history |
| debt repayment plan | implementing a strategy that will minimize debt |
| installment credit | store that advertises the option of payments for a period of three years |
| picking up packages from residential homes | Which is an example of uninsurable risks? |
| Consumer demand | Home Depot has to reorder Scott's Lawn Care seeds more often than planned due to purchases by customers? |
| technology change | Many newspapers are experiencing fewer subscribers since more subscribers are now obtaining news from the internet |
| coverage for cost of risks | What do insuring personnel and property have in common? |
| comprehensive policy | What do hospital and surgical types of insurance have in common? |
| loan for 1 year | Jenny has the option of borrowing $300 at a 3% interest rate. Which loan option would cost her the most money? |
| Credit Data | John has both saving and checking accounts with its financial institution |
| Economic | A local food company filed an insurance claim to compensate employees who lost personal belongings in a company fire. This is an example of which type of insurance |
| Speculative | A store relocated to a large building with plans to increase its profits and target market. This is an example of which type of insurance risk? |
| Transfer | Fred's Electric Company receives over thirty service orders daily. The company's manager refers some of the orders to another company, since she wants to maintain areputation of completing orders in a timely manner. How did the company handle the risks? |
| Transfer | Company hires local delivery companies to set up equipment. How does the company handle the risks of setting up equipment? |
| Assume | A real estate agent has the responsibility to showcase several homes in order to sell to potential customers? |
| Technology Change | Cashiers can now manage several registers from a computerized station that will allow several customers to check out their groceries at one time. Which uninsurable risk is this ? |
