Financial Literacy Vocabulary - Unit 1
Across
- 3. A form of financial aid that doesn't need to be repaid, usually awarded based on academic, athletic or other achievements.
- 5. Latin term for “Buyer Beware”
- 7. Refers to the public’s ability to recall and recognize a brand by its logos, jingles, packaging, etc.
- 8. An amount of money you spend that causes some pain to part with.
- 9. A yearly fee that is charged by the credit card company for the use of their credit card.
- 10. An expense that can be deducted from one's taxable income.
- 11. A detailed report of an individual's credit history.
- 13. Time frame that a loan agreement is in force.
- 15. A measure of an individual's credit risk;
- 18. An interest rate charged to a customer in the early stages of a loan, often going up over time.
- 20. To obtain an item with credit; to pay for item over time.
- 22. Feeling regret or concern after making a purchase.
Down
- 1. A decrease or loss in value
- 2. A form that is completed annually by current and prospective college students to determine their eligibility for financial aid.
- 4. A form of financial aid that doesn't need to be repaid, usually given to students with financial need.
- 6. Cost of borrowing money on an annual basis.
- 12. The financial loss or missed opportunity when you choose to do something different with your money.
- 14. The process of communicating the value of a product or service to customers.
- 16. The promotion of a product or service by identifying it with distinct characteristics.
- 17. Preferred method of debt repayment; Listing all debts smallest to largest and paying off the smallest first, working to the largest.
- 19. A program that allows students to work part-time while finishing their studies.
- 21. Type of card issued by a bank that allows the user to finance a purchase.