1. Personal Finance
Vocabulary Review

2. Tax that increases as your income increases
Progressive Tax

3. Tax rate that decreases as your income increases
Regressive Tax

4. Tax that stays the same regardless of income levels
Proportional Tax

5. Bill that is paid to get insurance
Premium

6. Portion of insurance claim that must be paid by policy holder
Deductible

7. Insurance that pays out on your death to family members
Life Insurance

8. Insurance for doctor visits and medical expenses
Health Insurance

9. Insurance that pays out when you are injured
Disability Insurance

10. Financial institution that is owned by stockholders and offers checking, loans, savings
Commercial
Bank

11. Financial institution owned by account holders that offers credit, checking, savings
Credit Union

12. Likelihood that an investment will fail
Risk

13. Reward or increase on investment
Return

14. Interest charged or paid only on principle
Simple Interest

15. Interest charged or paid on principle and any other money in account
Compound Interest

16. Initial amount borrowed or invested
Principal