fin lit vocab Modi

3. vs. want-A need is something that is necessary to live and function.
5. of Deposit (CD)- a type of savings account offered by banks and credit unions
6. a spending plan based on income and expenses
9. Union-a not-for-profit financial institution that accepts deposits, make loans, and provides a wide array of other financial services and products
10. a feeling that accompanies or causes special attention to something or someone
13. in order of importance; main.
16. shopping the practice of comparing the price of products or services from different vendors before buying.
18. card- a payment card that deducts money directly from your checking account
19. report. a detailed account of your credit history
20. the failure to make required interest or principal repayments on a debt
22. how likely a potential borrower is to pay back a line of credit.
24. yourself first-set aside money for savings before paying bills and making other purchases.

1. a company's operations into new or unrelated products, services, markets, or industries
2. thing providing protection against a possible eventuality.
4. (a sum of money or item of property).
6. a legal status that usually lasts for a year and can be a way to clear debts you can't pay
7. value of money- the concept that money today is worth more than money tomorrow
8. things you own that you can sell for money
11. the money that a person or entity receives in exchange for their labor or products.
12. the ability to borrow money with the promise that you'll repay it in the future, often with interest
14. score- 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.
15. a record of the money taken from your bank account
17. the yearly interest and fees paid on debt
21. Broker-a broker who buys and sells securities on a stock exchange on behalf of clients.
23. fund- source of ready cash in case of an unplanned expense, an illness, or the loss of a job.