Financial Management and Credit - Weeks 1-3

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Across
  1. 2. Wealth - financial assets, such as cash, investments, and real estate, that are passed down from one generation of a family to the next. It represents a family's financial legacy, providing future generations with a financial advantage.
  2. 4. - the cost required for something; the money spent on something.
  3. 5. - money received, especially on a regular basis, for work or through investments.
  4. 7. - an amount that is or may be taken from something, especially from taxable income or tax to be paid.
  5. 11. - a lack of something requisite, desirable, or useful
  6. 12. Position - receiving or recompensed by a salary rather than a wage.
  7. 13. - a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.
  8. 15. - the money one has saved, especially through a bank or investment plan.
  9. 16. - a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
  10. 19. - a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
  11. 20. - the total amount of money brought in by a company's operations, measured over a set amount of time.
  12. 22. - done, produced, or occurring every two weeks or twice a week.
  13. 24. Rate - the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
  14. 27. - the management of large amounts of money, especially by governments or large companies.
  15. 28. Discipline - the practice of developing a set of rules to achieve one's financial goals
Down
  1. 1. Pay - the amount of money an employee receives after all deductions are subtracted from their gross pay.
  2. 3. - a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
  3. 6. - the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
  4. 8. - a sum of money due as one of several equal payments for something, spread over an agreed period of time.
  5. 9. - taking of responsibility for one's own behavior and well-being.
  6. 10. - an individual, a group (public or private), or a financial institution that makes funds available to a person or business with the expectation that the funds will be repaid.
  7. 13. - a lack or deficiency of something.
  8. 14. - allow or provide a particular amount of money in a budget.
  9. 17. Benefits - the services and coverage provided by health insurance plans to protect individuals from medical expenses.
  10. 18. Decision Making - making choices that consider the impact on oneself and others, adhering to ethical and moral guidelines, and evaluating the potential consequences of actions.
  11. 21. Pay - the total amount of money an employee earns before any deductions are made, such as taxes, retirement contributions, or health insurance premiums
  12. 23. Score - A credit score is a number, typically ranging from 300 to 850, that indicates how likely you are to repay a loan or credit card debt. It's essentially a snapshot of your credit history and creditworthiness. Lenders use this score to assess the risk of lending you money and to determine factors like interest rates and credit limits.
  13. 25. Score - A FICO score is a credit score, specifically the one developed by the Fair Isaac Corporation (FICO), that is widely used by lenders to assess a borrower's risk. It's a three-digit number ranging from 300 to 850, with higher scores indicating a better credit history. Lenders use FICO scores to determine if someone is likely to repay borrowed money, and this influences their lending decisions and interest rates.
  14. 26. - a U.S. federal payroll tax. It stands for the Federal Insurance Contributions Act and is deducted from each paycheck. Your nine-digit number helps Social Security accurately record your covered wages or self-employment.