Finance Park Vocab 1

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Across
  1. 2. interest on the principal and accumulated interest on a loan or deposit
  2. 4. money owed
  3. 8. a record of a person’s financial information
  4. 9. a card authorizing the holder to buy goods that can be paid for later
  5. 10. a record of income and spending and a plan for managing money
  6. 12. money that is spent on goods, services or bills
  7. 13. a legal process that gives a debtor protection from creditors
  8. 14. money in the form of bills or coins
  9. 18. the amount of financial trust extended to a person or a business by a lender
  10. 23. a method of investing a fixed amount in the same investment at regular intervals regardless of price.
  11. 26. a non-profit cooperative that offers bank services and is owned by members
  12. 27. a business that provides money-related services
  13. 28. yearly fee
Down
  1. 1. a legal process in which a lender takes possession of a mortgaged property from the holder who failed to make payments
  2. 3. the things you do well
  3. 4. a card that looks like a credit card but operates like cash
  4. 5. money paid out of pocket before insurance covers the remaining cost
  5. 6. annual percentage rate for interest charged
  6. 7. a standardized measure of a person’s potential to repay debt
  7. 11. the cost of credit–the fees and interest charged to an unpaid balance
  8. 15. an amount deducted from a bank account
  9. 16. a written order for a bank to pay money
  10. 17. your natural talents
  11. 19. money available to spend on non-essential goods/services
  12. 20. a grouping of related jobs and industries
  13. 21. a for-profit institution that offers loans, mortgages and other services
  14. 22. a business cost that remains the same, such as rent
  15. 24. the maximum amount a cardholder can borrow
  16. 25. an IOU issued by a company or government in exchange for a loan