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Key terms 2.01
N/A
17
Finance
Not Applicable
02/29/2012

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Cards

Term
Age
Definition
The length of time that one has existed
Term
Economic Outlook
Definition
Forecasted expectations for how well the economy will perform during an upcoming quarter, year or other time period.
Term
education level
Definition
Your level of understanding and education in life
Term
Employment Status
Definition
is the status of a worker in a company on the basis of the contract of work or duration of work done.
Term
Marital Status
Definition
the fact of somebody's being unmarried, married, or formerly married
Term
Wealth
Definition
an abundance or great quantity of something important to you
Term
Basic Wealth Protection
Definition
protecting the things that hold value to you
Term
Wealth Accumulation
Definition
act of accumulating things you consider important to you
Term
Distribution of Wealth
Definition
a comparison of the wealth of various members or groups in a society.
Term
Beginning Stage
Definition
newly married couples begin this stage(18 to lates 20's)
Term
Expanding Stage
Definition
Raising a child (adults under 40)
Term
Developing Stage
Definition
Family with children old enough for school and life begins to settle down once again
Term
Launching Stage
Definition
Children leave the home,parents can settle down or retire
Term
Aging Stage
Definition
Years into retirement,earning level off,parents begin to age and become grandparents.
Term
Variations
Definition
The Family Life Cycle is open to many variations in which things don't go exactly like each stage says they should
Term
Dependents
Definition
a family member or other person who is supported financially by another, especially one living in the same house
Term
Medical Condition
Definition
A disease, illness, or injury
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