Financial Literacy Vocab Crossword Puzzle

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Across
  1. 4. the ability to borrow money with the promise that you'll repay it in the future, often with interest.
  2. 8. the money that a person or entity receives in exchange for their labor or product.
  3. 9. a payment card that deducts money directly from your checking account.
  4. 12. a cash reserve that's specifically set aside for unplanned expenses or financial emergencies.
  5. 14. a certificate issued by a bank to a person depositing money for a specified length of time.
  6. 16. a prediction of your credit behavior, such as how likely you are to pay a loan back on time, based on information from your credit reports
  7. 17. a person who buys and sells shares (stock) on a stock exchange on behalf of clients.
  8. 22. comparing similar products from different stores or suppliers
  9. 23. a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
  10. 24. a strategy that mixes a wide variety of investments within a portfolio in an attempt to reduce portfolio risk
  11. 25. anything that has current or future economic value to a business.
Down
  1. 1. set aside money for savings before paying bills and making other purchases
  2. 2. 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. 3. a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts
  4. 5. the concept that money today is worth more than money tomorrow
  5. 6. money charged by a financial institution for the service and benefit of borrowing money.
  6. 7. a spending plan based on income and expenses
  7. 10. a company or individual who fails to make payments or interest payments on time
  8. 11. a measure of how likely you will default on your debt obligations according to a lender's assessment, or how worthy you are to receive new credit.
  9. 13. A need is something that is necessary to live and function. A want is something that can improve your quality of life.
  10. 15. the amount owed by the borrower to the lender
  11. 18. a legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations
  12. 19. A sum of money or other property that a natural or legal person borrows from another with the condition that it be returned or repaid over time or at a later date
  13. 20. the cost you pay each year to borrow money, including fees, expressed as a percentage.
  14. 21. the money that you originally agreed to pay back