Financial Literacy

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Across
  1. 2. Broker a broker who buys and sells securities on a stock exchange on behalf of clients
  2. 4. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium
  3. 7. failure to fulfill an obligation, especially to repay a loan or appear in a court of law
  4. 10. (of money) denoting an original sum invested or lent
  5. 12. a numerical rating representing the perceived ability of a person or organization to fulfill their financial commitments, based on an analysis of their credit history and current financial circumstances
  6. 13. an estimate of income and expenditure for a set period of time
  7. 14. (CD) a certificate issued by a bank to a person depositing money for a specified length of time
  8. 15. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
  9. 17. something, typically money, that is owed or due
  10. 18. Union a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates
  11. 20. a thing that is borrowed, especially a sum of money that is expected to be paid back with interest
  12. 21. vs want A need is something that is necessary to live and function A want is something that can improve your quality of life
  13. 23. the extent to which a person or company is considered suitable to receive financial credit, often based on their reliability in paying money back in the past
  14. 24. An emergency fund is a source of ready cash in case of an unplanned expense, an illness, or the loss of a job
Down
  1. 1. the process of a business enlarging or varying its range of products or field of operation
  2. 3. property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies
  3. 5. shopping the practice of comparing the price of products or services from different vendors before buying
  4. 6. Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts
  5. 8. yourself first set aside money for savings before paying bills and making other purchases
  6. 9. money received, especially on a regular basis, for work or through investments
  7. 11. A credit report is a statement that has information about your credit activity and current credit situation such as loan paying history
  8. 16. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt
  9. 19. A sum of money in the hand has greater value than the same sum to be paid in the future
  10. 22. card a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase