Adjustable-rate mortgages (ARMs)
Money Management Unit Vocabulary

Flashcard
•
Social Studies
•
12th Grade
•
Hard
Zachary Herrmann
FREE Resource
Student preview

30 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
Loans with interest rates that change periodically.
2.
FLASHCARD QUESTION
Front
Disposable Income
Back
Income available after taxes
3.
FLASHCARD QUESTION
Front
Discretionary Income
Back
Income after necessary expenses
4.
FLASHCARD QUESTION
Front
Passive Income
Back
Income with little to no effort
5.
FLASHCARD QUESTION
Front
Credit Union
Back
Member-owned financial cooperative for banking services
6.
FLASHCARD QUESTION
Front
Bankruptcy
Back
Legal process for debt relief
7.
FLASHCARD QUESTION
Front
Fixed Rate Mortgage
Back
Mortgage with a constant interest rate
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