fin lit vocab logan

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Across
  1. 3. of Deposit (CD) a type of savings account offered by banks and credit unions.
  2. 5. a spending plan based on income and expenses
  3. 6. the failure to make required interest or principal repayments on a debt
  4. 8. anything you own that adds financial value
  5. 10. shopping the practice of comparing the price of products or services from different vendors before buying
  6. 13. fund a cash reserve that's specifically set aside for unplanned expenses or financial emergencies
  7. 16. something owed
  8. 17. expanding a company's operations into new or unrelated products, services, markets, or industries
  9. 19. value of money the concept that money today is worth more than money tomorrow.
  10. 22. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
  11. 23. the state of being completely lacking in a particular quality or value.
  12. 24. the yearly interest and fees paid on debt
Down
  1. 1. score a prediction of your credit behavior
  2. 2. card s a payment card that deducts money directly from your checking account
  3. 4. the extent to which a person or company is considered suitable to receive financial credit
  4. 7. a thing that is borrowed, especially a sum of money that is expected to be paid back with interest
  5. 9. money received, especially on a regular basis, for work or through investments.
  6. 10. report. a detailed account of your credit history.
  7. 11. yourself first set aside money for savings before paying bills and making other purchases.
  8. 12. Union a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
  9. 14. the ability to borrow money with the promise that you'll repay it in the future, often with interest
  10. 15. Broker a broker who buys and sells securities on a stock exchange on behalf of clients.
  11. 18. vs. want A need is something that is necessary to live and function. A want is something that can improve your quality of life.
  12. 20. a contract, represented by a policy, in which a policyholder receives financial protection
  13. 21. (of money) denoting an original sum invested or lent