Test your basic knowledge |

Wealth Management

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






2. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






3. Someone who has insufficient assets to cover their debts






4. The amount of money you would need to deposit now in order to attain a desired amount in the future






5. A debt not backed by specific property to satisfy the indebtedness in case of default.






6. A share set aside for a specific purpose






7. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






8. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






9. The extent to which something is covered






10. An evaluation by a rating company of the probability that a particular bond issue will default






11. Something of value; a resource; an advantage






12. Making money for owning something






13. A loan in which the rate can be altered to adjust to economical need






14. Stock other than preferred stock






15. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






16. A bank account that accumulates interest






17. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






18. The amount of tax owed






19. Loan deal in which the actual lender may not be known to the borrower.






20. An institution that issues something (securities or publications or currency etc.)






21. The act of lending money at an exorbitant rate of interest






22. Grant use or occupation of under a term of contract






23. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






24. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






25. Money paid to a worker






26. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






27. A fixed charge for borrowing money






28. Total assets minus total liabilities






29. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






30. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






31. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






32. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






33. The amount accruing to the corporations owners

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34. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






35. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






36. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






37. Diagnosis Codes (in CCB Popup if more then 5 codes)






38. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






39. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






40. Short-term and Long-term objectives that are driven by values.






41. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






42. The amount accruing to the corporations owners

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43. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






44. Give back (tax return)






45. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






46. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






47. Making money for owning something






48. Loan where the lender goes through the borrower






49. The maximum credit that a customer is allowed






50. The outcome of an event especially as relative to an individual