Personal Finance

4. A legal process to get out of debt when you can no longer make all your required payments
5. A fixed fee that an individual pays for specific medical services, like a visit to the doctor's office.
8. Amount you must pay before you begin receiving any benefits from your insurance company
11. money received, especially on a regular basis, for work or through investments.
12. A sum paid or charged for the use of money or for borrowing money
14. the cost required for something; the money spent on something.
15. The process of setting money aside to increase wealth over time for long-term financial goals such as retirement
17. the study of how households and firms make decisions and how they interact in markets
19. Anything of value that is owned
20. account An account that allows quick access to funds for transactions
21. an amount to be paid for an insurance policy.

1. An arrangement to receive cash, goods, or services now and pay for them in the future.
2. market account a savings account that requires a minimum balance and earns interest that varies from month to month
3. account a bank account that earns interest
4. A plan for making and spending money
6. An amount of money given to the borrower for a set period of time. After the set time has passed, the money must be paid back plus the lending fee, called interest. Payments are normally made over a series of months.
7. Score a number assigned to a person that indicates to lenders their capacity to repay a loan.
9. the tendency to be more confident than correct—to overestimate the accuracy of our beliefs and judgments.
10. finance All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.
13. "Fear of Missing Out", a popular explanation for the addictive nature of social networks
16. card A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
18. Report A detailed report of an individual's credit history