FIN LIT VOCAB CHELSEA ANNE

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Across
  1. 4. A savings product provided by the bank that allows you to earn interest.
  2. 5. The amount of money the borrower owes to the lender.
  3. 6. The ability to borrow money knowing that you'll pay it back, usually with interest.
  4. 7. Financial protection that will grant payment for an unforeseen future event.
  5. 8. A cashless payment card that comes from a bank account, usually a checking account.
  6. 14. A legal procedure that happens when a business or person is unable to pay back debts.
  7. 17. The likelihood that a potential borrower will pay back a line of credit.
  8. 18. A set of necessities needed to survive, versus, things that you can live without.
  9. 19. Missed payment(s) on money that you borrowed.
  10. 20. A report that contains information regarding your credit history.
  11. 21. A specific amount of money that you can spend.
  12. 22. Putting money in savings before paying other things like bills.
  13. 24. On a regular basis, it is the money you receive through work or investments.
Down
  1. 1. Comparing alike products from different companies or suppliers before buying.
  2. 2. Separate amount of money specifically for unplanned events or emergencies.
  3. 3. A score that represents your trustworthiness or how likely you are to pay bills on time.
  4. 5. Owning a variety of investments to reduce risk.
  5. 9. A cost or fee when you repay money you borrowed.
  6. 10. The original money you agreed to pay back.
  7. 11. Money that you borrow from financial institutions or banks, that must be repaid within a period of time.
  8. 12. Also known as Annual Percentage Rate, the yearly cost of borrowing, represented as a percentage.
  9. 13. A financial professional that executes orders on behalf of clients.
  10. 15. A resource that holds value.
  11. 16. Not-for-profit institution that provides financial services.
  12. 23. The idea that money is more valuable than the future due to potential earning capacity.