consumer math

1234567891011121314151617181920212223242526272829
Across
  1. 3. removing funds from a bank account, savings plan, pension, or trust
  2. 7. the total annual cost of borrowing money with a credit card or installment loan
  3. 9. a financial liability or obligation owed by one person, the debtor, to another, the creditor
  4. 11. something pledged as security for repayment of a loan, to be forfeited in the event of a default
  5. 14. a percentage of ownership in a company
  6. 16. an asset that you put money into with the hope that it will grow to appreciate into a larger sum of money in the future
  7. 18. a contractual agreement in which a borrower receives something of value immediately and agrees to pay for it later, usually with interest
  8. 19. limit the maximum amount of money a lender will allow you to spend on a credit card or a line of credit
  9. 20. also known as equity, a security that represents a fractional share of ownership in a company
  10. 21. income an individual's total earnings before taxes or other deductions
  11. 23. money lent to a borrower or put into an investment
  12. 24. placing money into the care of a bank or other financial institution
  13. 26. payment an initial up-front partial payment for the purchase of expensive items/services, such as a car or a house
  14. 28. the decrease in the value of an asset
Down
  1. 1. expense any expense that can fluctuate in amount, such as groceries, gas, and entertainment
  2. 2. expense an expense in your budget that you can expect to stay the same, or close to it, over time
  3. 4. anything that an individual or business owns that has monetary value and can be sold for cash
  4. 5. the monetary charge for borrowing, or depositing money and is usually expressed as a percentage of the amount borrowed, or deposited
  5. 6. an estimate of income and expenditure for a set period of time
  6. 7. an increase in the value of an asset
  7. 8. the money that a person or entity receives in exchange for their labor or products
  8. 10. an expenditure that is essential for you to be able to live and work
  9. 12. an electronic machine that performs basic banking functions and financial transactions
  10. 13. a sum of money that one or more individuals or companies borrow from banks or other financial institution
  11. 15. the process of paying off a debt through scheduled, ore-determined installments that include principal and interest
  12. 17. fund a source of ready cash in case of an unplanned expense, an illness, or the loss of a job
  13. 22. income for an individual, it is your total income minus taxes and any other deductions
  14. 25. card a payment card that deducts money directly from a consumer's checking account when it is used
  15. 27. payment made by an employer to an employee for work done in a specific period of time
  16. 29. deductions wages withheld from an employee's paycheck for the payment of taxes, benefits, or garnishments