Fin Lit Vocad

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Across
  1. 3. failure to fulfill an obligation, especially to repay a loan or appear in a court of law
  2. 5. Union member-owned nonprofit cooperative financial institution
  3. 8. a cash reserve that's specifically set aside for unplanned expenses or financial emergencies
  4. 10. the interest rate for a whole year, rather than just a monthly fee/rate, as applied on a loan, mortgage loan or credit card
  5. 14. the ability to borrow money with the promise that you'll repay it in the future, often with interest
  6. 16. money received, especially on a regular basis, for work or through investments
  7. 19. of Deposit (CD) a savings account that holds a fixed amount of money for a fixed period of time and the bank pays interest in return
  8. 20. a person or company is considered suitable to receive financial credit, often based on their reliability in paying money back in the past
  9. 21. 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
  10. 22. a payment card that deducts money directly from your checking account
  11. 24. report a statement that has information about your credit activity and current credit
  12. 25. a form of debt incurred by an individual or other entity
Down
  1. 1. a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts
  2. 2. something that is necessary to live and function and something that can improve your quality of life
  3. 4. a spending plan based on income and expenses
  4. 6. a personal finance strategy that prioritizes saving and helps limit spending
  5. 7. a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
  6. 9. the practice of comparing the price of products or services from different vendors before buying
  7. 11. value of money a sum of money is worth more now than the same sum of money in the future
  8. 12. individuals who buy and sell stocks and other securities for retail and institutional clients, through a stock exchange or over the counter, in return for a fee or a commission
  9. 13. the process of a business enlarging or varying its range of products or field of operation
  10. 15. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt
  11. 17. property owned by a person or company; having value and available to meet debts, commitments, or legacies
  12. 18. the original sum of money borrowed in a loan or put into an investment
  13. 23. the amount owed by the borrower to the lender