FINANCIAL LITERACY

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Across
  1. 3. A BLANK is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt.
  2. 5. In an insurance policy, the BLANK is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses. In general usage, the term deductible may be used to describe one of several types of clauses that are used by insurance companies as a threshold for policy payments.
  3. 8. BLANK is any lending practice that imposes unfair and abusive loan terms on borrowers, including high-interest rates, high fees, and terms that strip the borrower of equity. Predatory lenders often use aggressive sales tactics and deception to get borrowers to take out loans they can't afford.
  4. 9. BLANK is the money that you effectively receive from your endeavors—the take-home pay for individuals. For companies, it is the revenues that are left after all expenses have been deducted. This is different than gross income which only includes COGS and omits all other types of expenses
Down
  1. 1. coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. b : the business of insuring persons or property. c : the sum for which something is insured.
  2. 2. BLANK is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset
  3. 4. A BLANK, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term plastic card includes the above and as an identity document.
  4. 6. In finance, a BLANK is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed.
  5. 7. A piece of paper that is given to an employee with each paycheck and that shows the amount of money that the employee earned and the amount that was removed for taxes, insurance costs, etc.