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chapter 10
idk
23
Finance
10th Grade
05/14/2012

Additional Finance Flashcards

 


 

Cards

Term
risk
Definition
is a measure of the likelihood that something will be lost
Term
risk mangement
Definition
is the process of measuring risk and finding ways to minimize or manage
Term
dependent
Definition
is an individual who relies on someone else for financial suppor
Term
policyholder
Definition
its when you by insurance policy
Term
premium
Definition
the insurance company on a regualr basis
Term
deductible
Definition
is the amount you must pay before insurance begins to pay
Term
fee for service plan
Definition
pay ofr covered medical services after treatmnt is provided
Term
coinsurance
Definition
is a percentage of the sevice cost that patients pay
Term
inpatien
Definition
is a person whose care requires a stay hospital
Term
managed caare plan
Definition
contract with specific doctors, hospitals, and other health care providers
Term
co payment
Definition
is a flat fee the patient must pay for medical services
Term
health savings account
Definition
taz advantaged savings account abvailable to people enrolled in qualified
Term
exclusion
Definition
refer to medical services that are not coverage
Term
preexisting conditon
Definition
is an illnes or an injury you had before signing up for heal care
Term
beneficiary
Definition
is a person or organization named by the policyholder receive assets after the policyholders death
Term
term life insurance
Definition
provides protection only for specific period time
Term
whole life insurance
Definition
procides basic lifetime protection so long as premiums are paid
Term
endowment insurance
Definition
pays the face value of the policy to beneficialries if the insured dis before the endowment period ends
Term
appraisal
Definition
is an estimate of thecurrent value of property
Term
depreciation
Definition
is a decrease in the value of property as a result of age or wear and tear
Term
bodily injury liability
Definition
is coverage that protects you when you are responsible ofr an auto accident that results in th injury or death of
Term
property damage liability
Definition
protects you when you are resposible for an auto accident in which the porperty of others damaged
Term
no fault auto insurance
Definition
eliminates the faultfinding process in settling claims
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