Fin Lit Vocab

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Across
  1. 2. an estimate of income and expenditure for a set period of time
  2. 4. require (something) because it is essential vs. have a desire to possess or do (something)
  3. 8. 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 commission
  4. 12. a sum of money in the hand has greater value than the same sum to be paid in the future
  5. 13. 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
  6. 19. a cash reserve that's specifically set aside for unplanned expenses or financial emergencies
  7. 21. a useful or valuable thing, person or quality
  8. 22. the ability of a customer to obtain goods or services before payment based on the trust that payment will be made in the future
  9. 24. a payment card that deducts money directly from your checking account
Down
  1. 1. 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.
  2. 3. a legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations
  3. 5. money received especially on a regular basis for work or through investments
  4. 6. the cost you pay each year to borrow money
  5. 7. a savings account that holds a fixed amount of money for fixed period of time, such as six months, one year, or five years, and in exchange, the issuing bank pays intrest
  6. 9. a thing that is borrowed especially a sum of money that is expected to be paid back with interest
  7. 10. shopping the practice of comparing the price of products or services from different vendors before buying
  8. 11. (of a bank or other financial organization) remove (an amount of money) from customers account typically as payment for services or goods
  9. 14. the act or practice of manufacturing a variety of products
  10. 15. a statement that has information about your credit activity and current credit situation such as loan paying history and status of your credit accounts
  11. 16. set aside money for saving before paying bill and making other purchases
  12. 17. (of money) denoting an original sum invested or lent
  13. 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.
  14. 20. failure to fulfill an obligation especially to repay a load or appear in court of law
  15. 23. a nonprofit making money cooperative whose members can borrow from pooled deposits at low interest rates