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Terms in this set (134)
A type of employer-sponsored retirement plan in which 401(k)
employees make tax-deferred contributions that are
sometimes matched by their employers.
Money a business owes others. Accounts payable
Money owed to a business. Accounts receivable
, The amount of interest that has been incurred but not Accrued interest
yet paid, as of a specific date, on a loan or other
financial obligation.
A mortgage with an interest rate that changes Adjustable-rate mortgage (ARM)
periodically, based on changing market conditions.
To pay off a debt through regular principal and interest Amortize
payments over time.
Annual percentage rate (APR:) The rate of interest a borrower pays on a loan
that represents the actual yearly cost of funds over the term of a loan. This
includes any fees or additional costs associated with the transaction.
Anything owned that has monetary value and can be Asset
sold to repay debt.
A legal proceeding where those unable to repay Bankruptcy
incurred debts are granted partial or total relief from
the debts by a judge.
The person(s) designated to receive funds/goods when Beneficiary
the policyholder dies.
A financial plan serving as an estimate of income, Budget
expenses, and cash flow.
Money or assets owned by someone or an organization Capital
as a signal of financial strength, which can be used for
investment or development.
The total amount of money entering (income) and Cash flow
exiting (expenses) one's personal finances. Usually
described in budgeting as a monthly amount.
A licensed accounting professional who has completed Certified public accountant (CPA)
the educational requirements, passed a CPA test given
by the American Institute of CPAs, and is licensed by
the state in which the professional is practicing.
A debt considered uncollectible by thelender. It is Charge-off
written off and often sent to a third-party collection
agency or attorney for collection.
Verified | Latest Update 2026
Leave the first rating
Play your way to mastery with fun games
Match Blocks Charms NEW
Students also studied
Flashcard sets Study guides
FiCEP Exam FiCEP Final : CUNA Review Comprehensive Guide to CUNA Fina... FIC
95 terms Teacher 219 terms 332 terms 48
mcorrad2 Preview kmshambro Preview izzyalls35 Preview
Terms in this set (134)
A type of employer-sponsored retirement plan in which 401(k)
employees make tax-deferred contributions that are
sometimes matched by their employers.
Money a business owes others. Accounts payable
Money owed to a business. Accounts receivable
, The amount of interest that has been incurred but not Accrued interest
yet paid, as of a specific date, on a loan or other
financial obligation.
A mortgage with an interest rate that changes Adjustable-rate mortgage (ARM)
periodically, based on changing market conditions.
To pay off a debt through regular principal and interest Amortize
payments over time.
Annual percentage rate (APR:) The rate of interest a borrower pays on a loan
that represents the actual yearly cost of funds over the term of a loan. This
includes any fees or additional costs associated with the transaction.
Anything owned that has monetary value and can be Asset
sold to repay debt.
A legal proceeding where those unable to repay Bankruptcy
incurred debts are granted partial or total relief from
the debts by a judge.
The person(s) designated to receive funds/goods when Beneficiary
the policyholder dies.
A financial plan serving as an estimate of income, Budget
expenses, and cash flow.
Money or assets owned by someone or an organization Capital
as a signal of financial strength, which can be used for
investment or development.
The total amount of money entering (income) and Cash flow
exiting (expenses) one's personal finances. Usually
described in budgeting as a monthly amount.
A licensed accounting professional who has completed Certified public accountant (CPA)
the educational requirements, passed a CPA test given
by the American Institute of CPAs, and is licensed by
the state in which the professional is practicing.
A debt considered uncollectible by thelender. It is Charge-off
written off and often sent to a third-party collection
agency or attorney for collection.
