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10 Cards in this Set
- Front
- Back
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Amoral
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Lacking morals; neither good nor bad.
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Baby Steps
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The seven steps to a healthy financial plan.
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Compound Interest
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Interest paid on interest previously earned; credited daily, monthly, quarterly, semi-annually on both principal and previously credited interest.
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Emergency Fund
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Three to six months of expenses in readily available cash to be used only in the event of an emergency. Baby Step 3.
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Interest Rate
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Percentage paid to a lender for the use of borrowed money.
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Money Market Fund
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Mutual fund that seeks to maintain a stable share price and to earn current income by investing in interest bearing instruments with short term (usually 90 days or less) maturity.
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Murphy's Law
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Anything that can happen will happen.
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Pre-Authorized Checking (PAC)
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System of automatic payments processing by which bills, deposits, and payments are handled electronically and at regular intervals or on a predetermined schedule.
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Priority
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Level of high importance or great urgency.
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Sinking Fund
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Saving money for a specific purpose to allow interest to work for you rather than against you.
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