Glossary

Glossary definitions provided in part by the Jump$tart Coalition for Personal Financial Literacy.

Reimbursement: The process of paying an individual or organization back for out-of-pocket expenses, such as by an employer or an insurance company.

Rent : 1. An agreement for the use of property in exchange for a periodic fee. 2. A periodic fee for the use of property.

Rent-to-own: A plan to buy a product with little or no down payment by renting it until the final payment is made, at which point the total paid far exceeds the product's purchase price.

Replacement Cost Reimbursement: A replacement cost policy pays the full replacement cost of a covered article.

Repossession: Confiscation of collateral, often without notice, if a borrower defaults on a loan.

Restoration of Benefits: A provision in an insurance plan which restores a person's lifetime maximum benefit amount in small increments after a claim has been paid.

Riders: An amendment to a contract or policy.

Risk: A measure of the likelihood of loss or the uncertainty of an investment's rate of return.

Risk Management : The process of calculating risk and devising methods to minimize or manage loss, for example, by buying insurance or diversifying investments.

Roth IRA: A tax-deferred retirement account where, unlike a traditional IRA, contributions to a Roth IRA aren't tax-deductible, but there is no tax on withdrawals as long as the taxpayer is age 59 or older and the account has been open for five years.

Displaying results 51-60 (of 61)
 |<  <  1   |   2   |   3   |   4   |   5   |   6   |   7  >  >| 
Close

Please sign in

In order to save a page/activity in either your toolbox or favorites you must first be logged in.