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chp 10
chp 10
23
Finance
12th Grade
05/24/2012

Additional Finance Flashcards

 


 

Cards

Term
risk
Definition
measure of likehood that something will be lost.
Term
risk management
Definition
the process of measure risk and finding ways to minimize or mangement
Term
dependent
Definition
indiviual who relies on someone eles for financial support.
Term
Policyholder
Definition
set amount of money
Term
Premium
Definition
insurance company on regular basis.
Term
Deductible
Definition
the amount you musr oay b4 insurance beging to pay
Term
fee-4-service plan
Definition
pay for coverd medical service after treatment
Term
coinsurance
Definition
percentage of the srevice cost that patients pay
Term
inpatient
Definition
person who whoes care requires a stay in a hospital
Term
Managed care plan
Definition
specific doctors hospital and other health care providers to deliver medical service
Term
Co-payment
Definition
flat fee patient must pay medical service.
Term
health saving account
Definition
tax-advantage saving account available to people enrolled in HD
Term
Exclusion
Definition
refer to med. service that are not covered
Term
Preexisting
Definition
illness or injury you had b4 sing up for health care insurance
Term
benficiary
Definition
person or organization named by the policyholder to recive assets
Term
term life insurance
Definition
provide protection only for specific period of time
Term
Whole life insurance
Definition
lifetime insurance
Term
endownment insurace
Definition
pay the face value of the policy to beneficial be4 the endownment period
Term
appraisal
Definition
is an esitmate of the current value of the property
Term
Dereciation
Definition
decrease in the value of property as a result of age.
Term
Bodily injury
Definition
coverage that protect you wen you responsible for auto accident
Term
property damage
Definition
protect you if an accident occurs damaging property
Term
no fault auto insurance
Definition
eliminate the faultfinding process in setting claims
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