Financial Terms

2. The amount of money that you originally received from the lender and agreed to pay back on the loan with interest
4. Cost of borrowing money on a yearly basis, expressed as a percentage rate
6. A fee charged by a lender, and paid by a borrower, for the use of money
7. Money you have set aside in a secure place, such as in a bank account, for future use
12. Upgrades and other things that would be nice to have but aren’t necessary
13. Amount of money you have the ability to borrow and promise to pay back, usually with interest
14. Statement with info about your credit activity and current credit situation, like loan paying history
15. A spending plan
20. Initial cash payment made when something is bought on credit
22. Cost of the next best use of your money or time when you choose to buy or do one thing rather than another
23. An illegal act that occurs when people try to trick you out of your personal information and your money
24. Item with economic value, such as stock or real estate
25. Basic things people must have to survive

1. An asset that secures a loan or other debt that a lender can take if you don't repay the money you borrow
3. Assets minus _____ or Debt equals Net Worth
5. Someone or something named to receive proceeds or benefits when a policyholder passes.
8. Type of investment that gives people a share of ownership in a company
9. The loss from selling an investment for less than you paid for it
10. A check for your salary or wages made out to you
11. The profit from selling an investment for more than you paid for it
16. Decrease in an asset's value over time
17. Money you owe another person or a business
18. Cash reserve that's specifically set aside for unplanned expenses or emergencies
19. A collection of stocks, bonds, and/or other securities you can invest in
20. Portion of a company's profit paid to shareholders throughout the year
21. Loan for a home purchase