Page 121 - The Informed Fed--Hearn Wealth Management

Credit Bureau Repositories: A Credit Bureau Repository is an
organization that compiles credit history information directly from

lenders and creditors into credit summaries and reports. These reports
are made available to lenders and creditors to assist them in gauging an

Critical illness insurance: Insurance protection designed to provide a

lump-sum payment equal to the full value of the policy or a percentage
of the policy. This depends upon the product design for the
insured/policy owner upon the diagnosis of a covered critical illness.

Typical illnesses covered include heart attack, stroke, cancer, paralysis,
ies offer a partial
payment for certain medical procedures such as coronary bypass surgery

or angioplasty. Some policies offer a return of all premiums in the event

death.

Custodian: A financial institution, usually a bank or trust company that

holds a person /or securities in safekeeping.

Debit Cards: Debit Cards allow the cost of a purchase to be

auto
to the merchant.

Debt Markets: The fixed income sector of the capital markets devoted
to trading debt securities issued by corporations and governments.

Debt to income ratio:
obligations compared to their total monthly resources is called their debt

to income ratio. This ratio is used ity to
repay debts.

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