FIN LIT VOCAB

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Across
  1. 5. the cost of borrowing money
  2. 9. a measure of a borrower’s risk to lender
  3. 11. the cost you pay each year to borrow money
  4. 12. a spending plan based on income and expenses
  5. 15. something necessary for survival vs something a person desires to have
  6. 17. a payment card that deducts money directly from your checking account
  7. 19. set aside money for savings before paying bills and making other purchases
  8. 21. financial professionals who buy, sell and trade financial securities for their clients
  9. 22. a prediction of your credit behavior based on your credit history
  10. 23. failure to fulfill a contract
  11. 24. the amount owed by the borrower to the lender
  12. 25. a separate savings or bank account that’s specifically set aside for unplanned expenses or financial emergencies
Down
  1. 1. shopping comparing the prices of similar products from different stores or suppliers before buying
  2. 2. something that protects you financially against a loss
  3. 3. something that has current or future economic value to a business
  4. 4. a type of savings account offered by banks and credit unions
  5. 6. a sum of money is worth more now than the same sum of money in the future
  6. 7. a legal proceeding that starts when a person or business is unable to pay their debts or obligations
  7. 8. a nonprofit financial institution that’s owned by the people who use its financial products
  8. 10. the money one receives from different sources
  9. 13. a form of debt incurred by an individual or other entity
  10. 14. The money that you originally agreed to pay back
  11. 16. the process of starting to include a wide variety of things
  12. 18. the ability to borrow money with the intention of repaying it back in the future
  13. 20. a statement with the information about your credit activity and current credit situation