Personal Finance terms/definitions

A house, apartment, or other place of residence

• The Crib

• College

• Dwelling

• A Store

A request for your insurance company to pay for something covered on the policy

• Mini Tort

• Claim

• Grace period

• A police report

Serious and immediate danger

• Scared

• Hurt

• Lapse

• Peril

Insurance Premium

• The best insurance

• A discount

• Amount you pay each month to keep the policy active.

• The amount you pay when you have an accident.

Occurs when you stop paying your policy's premium and the contractual grace period has expired.

• You get a bonus

• Full coverage

• Accident

• Lapse in coverage

A financial agreement between you and your insures.

• Claim

• A deal

• Insurance

• No Fault

Policy

• To do the right thing

• File a police report

• The law

• A document detailing the terms and conditions of a contract of insurance

The amount of time after your premium is due, during which you can still make a payment without your coverage lapsing

• Grace period

• Time lord

• Free period

• Start of a new policy

An individual who signs a loan, credit account, or promissory note of another person as support for the credit of the primary signer and who becomes responsible for the debt obligation.

• Financial institution

• Lender

• Cosigner

• Insurance holder

A card used to make purchases at businesses (like grocery stores and gas stations) with money in your checking account.

• Credit card

• A Loan

• Payment plan

• Debit card