Credit - (When someone has credit, he or she can delay having to immediately provide his or her own financial resources or assets. This then becomes credit debt.)
Loan - (An amount of financial resources provided, typically with financial interest, along with the expectation that the amount will be compensated later. Very closely related to the concept of credit.)
Debtor/Creditor - (Both "Debtors" and "Creditors" share inverse roles in the situation. The creditor provides credit(Or, absence of immediate financial responsibility), and the debtor then receives credit debt, which eventually must be compensated.)
Financial resources - (Physical objects with perceived financial value, such as money, edibles, fossil fuels, et cetera.)
Commodities - (Products produced or obtained through the use of financial resources.)
Principle - (The initial, unaltered financial value of something. This can be both in the form of financial debt, or in the form of financial income; both are inverses.)
Simple Interest - (A numerical percentage of specified financial value; if financial value is 'v', then interest is a percentage of v, example being that (v * 1) = (v) = (100% of v).)
Compound Interest - (The only difference between both interest types is that the altered value of 'v' and its percentage is used as the principle for further calculations until a maximum time is reached.)
Equity - (Ownership of some financially-valuable entity; Apparently, "equity" can be quantified, since having more equity equals greater profit, assuming the company is a profitable one.)
Dividends - (if company 'A' is a business with specified profit, a percentage of that profit is given to those with partial ownership of 'A'; the overall profit is split between the owners, so those with more equity receive greater profits.)
Credit History - (Documentation of exchanges in which you invoked your credit. This can provide a nice time-line of how well you compensated your credit. Wellness having two variables: Time, and amount. Not paying the proper cost is "defaulting.")
-Insurance-
Risk - (The probability that a negative event will occur. Example being that "high" risk indicates that it is probable that a negative event will occur. "low" risk indicates that it is probable that a negative event will not occur. Note that the event itself may also be known as a "risk.")
Pure Risk - (This is a risk that has no potential for positive benefit. It is 100% negative, meaning 0% probability of good outcome.)
Speculative Risk - (Risk that have mixed probability. That is, that there is greater-than-zero probability of both positive and negative events occurring. For example, a 70% probability of a man being killed if he speeds in a certain area, and a 30% probability of the man living. Let's call it probability admixture - Composite Probability.)
Insurance - (Insurance is a service that provides a certain amount of financial compensation should negative risks occur due to accidents or mistakes. This includes coverage, which is the amount of financial compensation the company will provide, and the actual plan, which is documentation of the agreements regarding how the insurance company will service you.)
Premiums - (The amount of money that you pay the insurance company in order to receive their services. Risk correlates with the price of premiums. individuals must pay higher premiums if there is greater risk, and lower premiums if there is lower risk.)
Deductible - (The amount paid before the insurance company will service the consumer. This precedes the premium, as the deductible is practically a "down payment" in the circumstances.)
Insurable/Uninsurable - (Whether or not certain risks are eligible(According to the company's criteria) to be compensated, should they occur.)
Claim - (Documentation given to an insurance company showing that a particular risk occurred. The company must then review the claim, and determine how the recipient should be compensated(If at all).)
Adjustor - (The person who must review the claim and the circumstances surrounding it objectively, then the adjustor will document his analysis and present it to the insurance company. The final determinations are made from there.)
Beneficiary - (The individual who receives the benefits of an insurance policy.)
Term Insurance - (Insurance that is only valid within a specific range of time. Thus, if the time begins at one and ends at two, all time past two is considered invalid for insurance coverage.)
Liability - (It's just the role of the person in the situstion where insurance use is invoked. You are "liable" if the risk that activates is due to your own personal decisions. This varies, of course, on the type of insurance you acquire.)
Life Insurace - (Insurance intended to provide financial compensation to one's family in the event of one's death.)
Worker's Compensation - (A service used to compensate workers who attain injuries from their professions. For example, if person 'A' falls and hits his head operating store machinery, totaling (1000) in medical bills, Worker's Compensation will provide financial compensation for that.)
Disability Insurance - (Insurance provided to someone who is disabled or injured. By "Disabled," I of course am including health inabilities.)
Social Security - (This form of insurance has two segments, I must inform you, as it's a community service: First, the common citizen supplies a mandatory portion of his or her income to the fund through taxation, then SSI recipients receive a percentage of the overall fund to compensate for their disabilities.)
Identity Theft - (Mimicking an individual's identity to receive the benefits of having that person's identity, such as financial progress, et cetera.)
Skimming - (A technique used by an employed miscreant to obtain financial card information.)
Federal Trade Commission(FTC) - (A government agency intended to monitor and limit business fraud and consumer victimization.)
Debt Collectors - (Proxy creditors; they are responsible for contacting a debtor and collecting financial compensation when instructed by the actual creditor.)
Unemployment Insurance - (A form of insurance used when one is temporarily unemployed; a percentage of the the fund(Collected by taxing employers) is, like all other insurance types, provided to qualifying unemployed individuals.)
Property Insurance - (Insurance coverage for property, evidently. This is particularly useful for worrying about property damage and what not. Homeowner's insurance is a variant that refers specifically to the actual home.)
Fair Debt Collection Practices Act - (Summarized more easily for comprehension, this act requires debtors to behave civily during the process of collecting owed debt.)
Fair Credit Reporting Act - (This gives you the legal right to receive one free, issued credit report from a financial agency per year.)
