Financial Literacy Crossword puzzle

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Across
  1. 4. The portion of a document, especially a contract, that contains qualification or restrictions in small type or obscure language.
  2. 6. The amount of money paid by a borrower to a lender in exchange for the use of the lenders money for a certain period of time. For Example, You earn interest from a bank if you have a savings account and you pay interest lender if you have a loan.
  3. 9. A business that makes money available for others to borrow
  4. 10. A credit card secured by a savings account.
  5. 12. the fee a card issuer charges a credit card holder to use the card for a year
  6. 14. a type of credit allowing an individual to borrow up a certain amount of money, repay the money borrowed with interest when it is due, and then borrow the money again.
  7. 17. the company or financial institution that gives you a credit card
  8. 18. A monthly accounting document sent to you by you rbank that lists your account balance at the beginning and end of the month
  9. 19. a bill that is not paid by its due date
  10. 20. A period of time over which a loan is scheduled to be repaid.
  11. 21. A single sum of money that serves as complete payment
Down
  1. 1. A measurement used to compare different loans, the APR takes into account a loan's interest rate, term, and fees to illustrate the total cost of credit expressed as a yearly rate. The lower the APR, the lower the total cost of the loan.
  2. 2. a fee charged by the card issuer when they process/ pay a transaction on your behalf that is greater than the amount available within your credit limit.
  3. 3. The amount of interest paid per year divided by the principle amount. For example, if you paid $500 in interest per year for a loan of $10,000, the interest rate is 500 divided by 10,000
  4. 5. this is the agreement between you and your card issuer. It includes information such as interest rate, fees, and other cost information associated with the account.
  5. 7. The amount of money a borrower pays to a lender for the privilege of borrowing money,including interest and other service charges
  6. 8. The maximum dollar amount the card is willing to make available to the borrower according to the card member agreement.
  7. 11. a credit card balance us the amount of money owed to the credit card company
  8. 13. The maximum dollar amount the lender is willing to make available to the borrower according to the agreement between them.
  9. 15. the charge or fee that is added to a loan or credit card payment when the payment is made after the due date.
  10. 16. Money, Goods, or services you owe to others.