Fin Lit Vocab

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Across
  1. 3. a measure of how likely you will default on your debt obligations
  2. 4. a spending plan based on income and expense
  3. 5. a payment card that deducts money directly from your checking account
  4. 7. a cash reserve that's specifically set aside for unplanned expenses or financial emergencies
  5. 8. an agreement in which a person makes regular payments to a company and the company promises to pay money if an accident happens
  6. 10. ability to borrow money with the promise that you'll repay it in the future, often with interest
  7. 14. a sum of money is worth more now than the same sum of money in the future.
  8. 15. individuals who buy and sell stocks and other securities for retail and institutional clients
  9. 16. fails to make payments or interest payments on time.
  10. 17. the money that you originally agreed to pay back.
  11. 18. is the yearly rate charged for a loan.
  12. 19. the money you owe
  13. 21. Something you need to have vs something you don’t need
  14. 24. suppliers are compared to identify the best price for the items or services
Down
  1. 1. a prediction of your credit behavior
  2. 2. a not-for-profit financial institution that accepts deposits, make loans, and provides a wide array of other financial services and products.
  3. 6. statement that has information about your credit activity and current credit situation
  4. 9. the amount of money, property, and other transfers of value received over a set period of time
  5. 11. spreading of your investments both among and within different asset classes.
  6. 12. set aside money for savings before paying bills and making other purchases
  7. 13. a type of savings account offered by banks and credit unions
  8. 20. a form of debt incurred by an individual or other entity.
  9. 22. are things you own that you can sell for money
  10. 23. when a person or business is unable to repay outstanding debts or obligation