Finance Fundamentals: Expanding Your Financial Vocabulary

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Across
  1. 2. An insurance product that pays out income and is often used as part of a retirement strategy.
  2. 5. SCORE A type of credit score created by the Fair Isaac Corporation.
  3. 6. The inability to pay debts when they are due.
  4. 8. Assets in cash or easily convertible to cash.
  5. 11. To assume financial risk as part of a transaction, often seen in the context of loans and insurance.
  6. 13. The use of borrowed capital for (an investment), expecting the profits made to be greater than the interest payable.
  7. 15. A nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
Down
  1. 1. The paying off of debt with a fixed repayment schedule in regular installments over a period of time.
  2. 3. The interest rate charged on a mortgage.
  3. 4. A legal proceeding involving a person or business that is unable to repay outstanding debts.
  4. 7. A bank account that earns interest.
  5. 9. A detailed report of an individual's credit history.
  6. 10. Adjusting the proportions of assets in a portfolio as needed.
  7. 12. A loan in which the borrower uses the equity of their home as collateral.
  8. 14. A financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction.