Fin lit vocab

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Across
  1. 3. The ability to borrow money under the agreement that you'll repay the debt later
  2. 6. Anything you own that adds financial value
  3. 7. The practice of comparing the price of products or services from different vendors before buying
  4. 8. A payment card that takes money directly of your checking account
  5. 10. A savings account that holds a fixed amount of money for a fixed period of time
  6. 11. Something necessary to live and something you desire to have that can improve your life but is not necessary
  7. 12. Failure to repay a loan
  8. 15. The price you pay to borrow money
  9. 16. A legal action taken by a business or individual when they are unable to pay off their debts
  10. 18. Money set aside as a financial safety net in case you need it in the future
  11. 20. Original amount of money before it is invested or borrowed
  12. 24. A summary of your credit history
Down
  1. 1. How likely a potential borrower is to pay back a line of credit
  2. 2. Spreading your investments within different asset classes
  3. 4. A financial concept that holds that the value of a dollar today is worth more than the value of a dollar in the future
  4. 5. A non profit organization owned by members that are committed to the financial success of their clients
  5. 9. A plan of an amount of money that is going to be used for a certain period
  6. 13. Borrowed money
  7. 14. The yearly rate changed for a loan or earned by an investment and includes interest and fees
  8. 17. A numerical representation of your credit behavior
  9. 19. To owe money
  10. 20. yourself first Putting money in your savings when you get paid before spending it on anything else
  11. 21. A contract between an individual or business with an insurance company to help provide financial protection
  12. 22. The money you make
  13. 23. A broker who buys and sells securities on a stock exchange on behalf of clients