FIN LIT VOCAB AND CROSSWORD PUZZLE

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Across
  1. 4. A need is something that is necessary to live and function. A want is something that can improve your quality of life.
  2. 6. Money received, especially on a regular basis, for work or through investments.
  3. 7. A not-for-profit financial institution that accepts deposits, make loans, and provides a wide array of other financial services and products.
  4. 8. 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.
  5. 11. Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
  6. 13. The money that you originally agreed to pay back.
  7. 14. Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
  8. 15. A thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
  9. 16. A sum of money is worth more now than the same sum of money in the future.
  10. 17. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
  11. 21. Individuals who buy and sell stocks and other securities for retail and institutional clients, through a stock exchange or over the counter, in return for a fee or a commission.
  12. 22. The action of diversifying something or the fact of becoming more diverse.
  13. 23. Something, typically money, that is owed or due.
Down
  1. 1. A personal finance strategy that prioritizes saving and helps limit spending.
  2. 2. 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.
  3. 3. An estimate of income and expenditure for a set period of time.
  4. 5. A cash reserve that's specifically set aside for unplanned expenses or financial emergencies.
  5. 7. A savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the issuing bank pays interest.
  6. 9. The state of being completely lacking in a particular quality or value.
  7. 10. 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.
  8. 12. Failure to fulfill an obligation, especially to repay a loan or appear in a court of law.
  9. 17. The practice of comparing the price of products or services from different vendors before buying.
  10. 18. 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.
  11. 19. The cost you pay each year to borrow money, including fees, expressed as a percentage.
  12. 20. A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.