Intro to Persona Finance

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Across
  1. 3. The granting of a loan and the creation of debt; any form of deferred payment
  2. 4. A debt evidenced by a "note," which specifies the principal amount, interest rate, and date of repayment
  3. 6. finance: All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.
  4. 8. A fee paid by a borrower to the lender for the use of borrowed money; typically interest is calculated as a percentage of the principal (original loan amount)
Down
  1. 1. An obligation of repayment owed by one party (the debtor/borrower) to a second party (the creditor/lender); in most cases this includes repayment of the original loan amount plus interest
  2. 2. literacy: The knowledge and skillset necessary to be an informed consumer and manage finances effectively
  3. 5. A person or organization that uses a product or service
  4. 7. A system by which goods and services are produced and distributed