Fin lit vocab ubaldo

2. a way to manage your risk
4. financial professionals who buy, sell and trade financial securities for their clients
8. a spending plan based on income and expenses
10. the concept that money today is worth more than money tomorrow
14. a relationship between a borrower and a lender.
17. a measure of how likely you will default on your debt obligations according to a lender's assessment, or how worthy you are to receive new credit.
18. the yearly interest and fees paid on debt
21. a cash reserve that's specifically set aside for unplanned expenses or financial emergencies.
22. a three-digit number that shows lenders the likelihood that someone will pay off their debts
23. set aside money for savings before paying bills and making other purchases
24. a set of federal laws and rules that can help individuals and businesses who owe more debt than they can pay
25. comparing similar products from different stores or suppliers.

1. a member-owned financial cooperative that is created and operated by members and shares profits with owners
3. A need is something that is necessary to live and function. A want is something that can improve your quality of life.
5. a type of savings account offered by banks and credit union
6. the amount owed by the borrower to the lender.
7. things you own that you can sell for money.
9. a payment card that deducts money directly from your checking account
11. the cost of borrowing money.
12. the money that you originally agreed to pay back.
13. when you borrow money from a lender (a person or company) on the understanding that you'll pay it back later
15. a form of debt incurred by an individual or other entity.
16. to fail to fulfill a contract, agreement, or duty
19. the money you receive from different sources.
20. the act or process of diversifying; state of being diversified