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Comprehensive Coverage

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43 Terms
1
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Comprehensive Coverage

________: insurance that protects the insured against almost all damage losses except those caused.

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2
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Collateral

________: Property that is offered for a long- term loan.

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3
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Financial Plan

________: a report that shows how much money you spent and earned.

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4
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Property damage liability

________: Insurance to protect drivers from crash claims.

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5
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Estate Planning

________: when you die you give you house to someone.

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6
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Credit rating

________: a person's reputation for paying bills.

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7
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Cosigner

________: The party of a person who has not paid their debt.

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8
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Credit

________: The privilege of using someone else's money for a period amount of time.

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9
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Cash flow statement

________: Reportage of money spent and wages.

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10
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Promissory note

________: a paper saying you will pay back your debt.

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11
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Collision coverage

________: Insurance that protects drivers against financial loss from a collision.

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12
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Medical payment coverage

________: Insurance that protects your family from car crashes.

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13
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motorist coverage

Uninsured ________: Protection against hit and runners.

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14
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Variable expenses

________: Living cost that differ each time.

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15
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Installment loan

________: a loan where you pay the same amount every month.

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16
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Budget variance

________: spending between actual expenses and budget amounts.

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17
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Money management

________: Paying for your unlimited wants and needs with your limited money.

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18
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Finance charge

________: The total amount of money you owe including interest and all other charges.

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19
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Money management

Paying for your unlimited wants and needs with your limited money

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20
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personal assets

Items of value

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21
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cash flow statement

Reportage of money spent and wages

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22
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fixed expenses

Costs that occur on a daily basis

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23
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variable expenses

Living cost that differ each time

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24
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Allowance

The amount of money you use for a certain activity

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25
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Budget variance

spending between actual expenses and budget amounts

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26
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Financial Plan

a report that shows how much money you spent and earned

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27
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Individual retirement account (IRA)

A tax sheltered account for retirement

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28
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Estate Planning

when you die you give you house to someone

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29
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Credit

The privilege of using someone else's money for a period amount of time

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30
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Finance charge

The total amount of money you owe including interest and all other charges

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31
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Down payment

A payment for a purchase with the money you have at the moment

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32
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Installment loan

a loan where you pay the same amount every month

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33
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Promissory note

a paper saying you will pay back your debt

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34
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Collateral

Property that is offered for a long-term loan

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35
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Cosigner

The party of a person who has not paid their debt

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36
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Credit rating

a person's reputation for paying bills

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37
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Bodily injury liability

Insurance that protects a driver from law

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38
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Medical payment coverage

Insurance that protects your family from car crashes

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39
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Uninsured motorist coverage

Protection against hit and runners

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40
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Property damage liability

Insurance to protect drivers from crash claims

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41
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Collision coverage

Insurance that protects drivers against financial loss from a collision

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42
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Deductible

the amount of money you pay before you can get cash from a claim

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Comprehensive Coverage

insurance that protects the insured against almost all damage losses except those caused

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