financial literacy terms by jack abadie

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Across
  1. 3. money put into a bank or savings account
  2. 6. The process of being released from having to pay debt in exchange for being forced to lose certain assets.
  3. 9. a computerized machine that lets you deposit or withdrawal money
  4. 11. Money or goods that are borrowed and are expected to be paid back, typically with interest.
  5. 12. the cost of borrowing money that you ahve to pay more back then you borrowed
  6. 13. This rate shows the annual cost of interest over the principal amount of a loan.
  7. 14. an accounting technique used to periodically lower the book value of a loan or an intangible asset over a set period of time.
  8. 16. money owed to someone else
  9. 19. is money that you set aside for unplanned or unexpected expenses.
  10. 20. the amount of money that one earns or is givin
Down
  1. 1. a financial arrangement in which money is borrowed for a purchase and paid back at a later date.
  2. 2. amount of money taken out of a savings acount or bank
  3. 4. wages withheld from an employee's total earnings
  4. 5. something that isnt required but something that is desired
  5. 7. somthing that is required
  6. 8. any recource that holds value
  7. 10. A long-term loan used to buy or refinance real property, such as a home.
  8. 15. mandatory payments to the government based on income or transactions
  9. 17. amount of money you have to spend
  10. 18. the initial amount issued to the borrower