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When 16-year-old Hafez received a large inheritance from his grandfather,he was tempted to purchase an expensive new car.He decided,instead,to deposit all the money into a savings account for his college education.Hafez shows signs of a
Annual Premium
The amount of money that must be paid per year to maintain an insurance policy or similar financial products.
Coastal Town
A settlement located along or near a coast, often characterized by a maritime economy and culture.
Moral Hazard
A situation where one party is more likely to take risks because another party bears the cost of those risks.
Disaster Relief Funds
Financial assistance provided to individuals, businesses, and communities affected by natural or human-made disasters.
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