Personal Finance Final
Across
- 1. this account offers higher rates of interest compared to savings or checking accounts, but your money is locked in for some duration of time
- 3. I might take out one of these if my house is worth more than I owe on it and I want to borrow some money
- 6. this account is designed for transactions like paying bills
- 9. this describes the length of a loan
- 14. these things in your budget stay the same each month, like car insurance
- 15. this acronym describes the interest that you will pay on debts
- 17. this is a type of fee you may incur if you spend more money than there is in your account
- 18. this is the amount you currently owe on your credit card
- 22. this describes something of value you may need to pledge to secure a loan
- 23. Something of value that you own
- 24. this is used to spend money from your checking account
- 27. this is the amount that the credit card company will ask that you pay
- 29. this term is the most commonly used measure of a company’s size
- 33. this describes how “cheap” or “expensive” a stock is
- 35. the original amount borrowed, before any interest is included. It can also refer to the actual amount saved, before compound interest grows the investment
- 36. this government agency insures credit union deposits
- 38. this institution offers savings and checking accounts and loans, and is not for profit and owned by its members
- 39. this is essential to all types of insurance. It describes spreading out bad outcomes over a large population
- 40. the higher this is, the less you will need to borrow when buying a car or house
- 41. this occurs when you sell a financial asset for more than you paid for it. It is a type of income and is taxable
- 43. this government agency insures bank deposits
- 45. these are regular quarterly payments that companies may pay to their stockholders
- 47. this irregular borrowing is short term and used when to get you to your next paycheck
Down
- 2. turning a loan into fixed monthly payments
- 4. these were made to people with bad credit and wanted to buy a house during the last housing bubble. Some say they were a major cause of the financial crisis
- 5. in some health plans you may have to pay some fixed percentage of a covered procedure. This term describes those payments
- 7. this is the safest type of home loan
- 8. this is the total amount of insurance you have. Beyond this you will have to pay for the expense yourself
- 10. The debt you take out when purchasing a home
- 11. A document that lists assets and liabilities
- 12. this describes the period of time where you do not owe interest on credit card purchases
- 13. The amount that you earn before any taxes or deductions
- 16. A debt that you have
- 19. this thing is calculated by Experian, Transunion, and Equifax
- 20. Your pay after all taxes and deductions are removed from your paycheck
- 21. A document that lists income and expenses
- 25. this acronym describes the interest that you will earn on accounts
- 26. this term describes how an investment or debt can grow over time in a non-liner fashion
- 28. this acronym describes the amount of profit that a company makes in a given quarter or year
- 30. a longer loan (say 72 months on a car loan instead of 36) will lead to ________ monthly payments
- 31. this irregular borrowing is secured by your car
- 32. this is the amount you must pay each month to purchase an insurance product
- 34. Expense, these things in your budget fluctuate month to month, like your gas/electric bill
- 37. this is the amount you must pay when filing a claim before the insurance kicks in
- 42. this portion of an amortized fixed payment will decrease every month until the debt is paid off
- 44. this is the highest amount of outstanding borrowing you can have on a credit card
- 46. this institution offers savings and checking accounts and loans, and is for profit and privately owned