Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Chapter18:CreditIns.

Credit and Insurance

TermDefinition
Installment Credit customers agree to make a stated number of payments of a fixed period of time and at a specified interest rate
Revolving Credit customers can make credit purchases at any time up to a specified dollar limit
Debit Card transfers funds electronically from the customer's checking account to the business account when a purchase is made; resembles a credit card in appearance
Smart Card a plastic card with an embedded microprocessor that can store and process a large amount of information
Character a measure of a person's sense of financial responsibility or personal belief in the obligation to pay debts
Capacity a measure of earning power and reflects the person's potential to pay, based on current income and other financial obligations
Capital a measure of the credit applicant's current financial worth or ability to pay based on assets
Conditions an assessment of the economic environment such as the economic health of the community or the nation and the extent of business competition
No-fault Insurance each insurance company is required to pay the losses of its insured when an accident occurs, regardless of who was responsible for the accident
Health Insurance provides protection against the expenses of individual health care
Disability Insurance offers payments to employees who are not able to work because of accidents or illnesses
Life Insurance pays money upon the death of the insured to a person or persons identified in the insurance policy
Liability Insurance protects against losses from injury to people or their property that result from the products, services, or operations of the business
Malpractice Insurance a type of liability insurance that protects against financial loss arising from suits for negligence in providing professional services
Bonding pays damages to people whose losses are caused by the negligence or dishonesty of an employee or by the failure of a business to complete a contract
Created by: rachel.smith
Popular Insurance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards