Fin Lit Vocab Sophii

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Across
  1. 4. a spending plan based on income and expenses.
  2. 5. card a payment card that deducts money directly from your checking account.
  3. 7. the cost of borrowing money.
  4. 9. to fail to fulfill a contract, agreement, or duty
  5. 11. comparing similar products from different stores or suppliers.
  6. 14. Union a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
  7. 15. vs. want A need is something that is necessary to live and function.
  8. 17. a means of guaranteeing protection or safety
  9. 18. of Deposit (CD) a type of savings account offered by banks and credit unions
  10. 20. value of money the concept that money today is worth more than money tomorrow.
  11. 21. The yearly interest and fees paid on debt
  12. 23. act as a financial safety net,
Down
  1. 1. a kind of rule, belief, or idea that guides you
  2. 2. meet the approval standards of a particular credit card.
  3. 3. when you borrow money from a lender (a person or company) on the understanding that you'll pay it back later
  4. 6. the amount owed by the borrower to the lender
  5. 8. yourself first set aside money for savings before paying bills and making other purchases.
  6. 10. is the state of being bankrupt.
  7. 11. is a three-digit number that shows lenders the likelihood that someone will pay off their debts.
  8. 12. things you own that you can sell for money.
  9. 13. the ability to borrow money or access goods or services with the understanding that you'll pay later.
  10. 16. the act or process of diversifying; state of being diversified
  11. 17. the money that a person or entity receives in exchange for their labor or products
  12. 19. buy, sell and trade financial securities for their clients
  13. 22. a loan that does not require collateral or security and is offered with minimal documentation.