Personal Finance Final Crossword

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