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Weekly Quiz 8
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Question 1 of 1
Drag the correct word or phrase to the right-hand column next to its definition.
- credit line
- net worth
- gross income
- life insurance
- certificate of deposit; CD
- grace period
A small, short-term business loan given to companies that are new or need to expand.
Money set aside by an employer and later given to workers once they are a certain age or when they retire; money is based on age, length of employment, and salary.
Amount of money available to borrow from a creditor.
Assets minus any debts owed.
Total amount of income earned from all sources.
Insurance that pays out a sum of money either on the death of the insured person or after a set period.
A timed deposit where money is held for a set period during which the financial institution pays interest and the account holder cannot withdraw the funds without penalty.
The period of time from the billing date of your last credit card bill to the due date of your current bill, when you can pay in full without being charged interest.