Lifepac--History and Geography 1209--Part 1

You must notify your credit card company of a mistake in billing within _____ days.

60

Savings and loan loans--also known as _____--accounted for 59% of all home loans in 1987.

SLA's

The amount a savings account will earn on interest in the course of a calendar year is its _____ _____.

annual return

Something given to guarantee repayment of a loan is _____.

collateral

A credit union is a _____ financial institution.

cooperative

Defaulting on loans is reported to a _____ _____ and reflects negatively on your credit report.

credit bureau

A _____ _____ is a years-long record of how well a person pays their bills and is financially responsible.

credit history

The amount of spending that a credit card company will allow you is known as your _____ _____.

credit limit

A card that acts like a check is a _____ _____.

debit card

IRA's are savings accounts that _____ taxes.

defer

To find your "bottom line" you should subtract your _____ from your _____.

expenses, income

A percentage of the amount in a savings account which is reward for the bank's use of your money is _____ earned.

interest

A percentage of the amount loaned which is a charge for the use of money is _____.

interest

The smallest amount allowed in a checking account without a financial penalty is a _____ _____.

minimum balance

A _____ is used to keep a record of activity in a savings account.

passbook

Your PIN is your _____ _____ _____.

personal identification number

"Not for _____, not for charity, but for _____" is a credit union motto.

profit, service

The guidelines and regulations that define how and when you get repaid in case of theft or misplacement is a _____ _____.

refund policy

Under the _____ _____, your lost travelers checks can be replaced if you provide the serial numbers of the checks lost.

refund policy

Keeping a _____ _____ means you keep a current total of what you've deposited and spent in your account.

running balance

A loan that is guaranteed by an asset like real estate is a _____ _____.

secured loan

If a balance gets low, a person can _____ money between checking and savings accounts that use the same ATM card.

transfer

Checks which function almost like cash but are replaceable if lost or stolen are _____ _____. (American Express still issues these.)

traveler's checks

A person can _____ payment to a credit card issuer if he or she has attempted to work out a problem, and it hasn't been solved.

withhold