Personal Finance

4. a person or organization that uses a product or service
7. loans made by banks, credit unions, or other organizations with terms and conditions set by the lender, including higher or variable interest rates
12. the dollar value of a person’s liabilities is larger than the value of their assets
16. what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
18. the percentage of principal charged by the lender for use of its money
19. the original amount of a loan; the total amount borrowed before interest
20. the average rate of growth for an investment over time; often expressed as an annual figure

1. the dollar value of a person’s assets is greater than the dollar value of their liabilities
2. the theory that spending money and consuming goods is good for the economy
3. loans made by the government with terms and conditions set by law; often have a lower fixed interest rate
5. the additional cost a lender charges for borrowing their money
6. person or entity that charges borrowers interest rates above an established legal rate
8. the increase in value of a home over time; the difference between the amount owed and what the home could be sold for
9. the persistent rise in the cost of goods and services over time
10. the act of fraudulently gaining and using the personal information of someone else, usually for financial gain
11. the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities
13. extra coverage for the repair or replacement of items purchased
14. money owed to another person or company
15. the amount you earn before taxes and other payroll deductions
17. the unauthorized use of your debit or credit card number and PIN or the forging of your signature