Economics 15-18- MS

2. the maximum dollar amount that can be borrowed
4. income not used for consumption
7. something of value that a borrower lets the lender claim if a loan is not repaid
10. check written by a bank on its own funds
13. personal check for which a bank has guaranteed payment
14. type of borrowing for the use of debt to purchase goods which will be consumed immediately
15. the moving of goods or people from one place to another
19. term for both cashier's check and certified checks
21. the act of taking an asset used as collateral and selling it to pay the debt
23. agreeing to be responsible for another person's loan payments if that person fails to make them
25. services needed by the public
28. the difference between assets and liabilities
30. to fail to do something required
31. a plan for making and spending money
32. type of checking account that pays interest

1. account held by two or more people
3. type of borrowing for the use of debt to purchase goods which will increase in value
4. a check dated more than 6 months prior to delivery; not accepted
5. the protection or promotion of the interests of consumers
6. a legal process that allows part of your paycheck to be withheld for payment of a debt
8. type of account that payments can be ordered by a depositor
9. the amount of money borrowed
11. a loan used for personal use
12. person who owes money
13. possible outcomes
16. a checking account at a bank or a similar depository institution
17. a person to whom money is owed
18. money borrowed against a credit card
20. specified amount of money that the insured must pay before an insurance company will pay a claim
22. using a future date on a check
24. to set right, remedy; relief from wrong or injury
26. check used in place of cash when traveling to guarantee greater security
27. the price paid for the use of borrowed money
29. the fair distribution of economic benefits