Personal Finance Semester Review

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Across
  1. 1. how quickly you can access the money in an account or the value of an asset without a penalty or fee
  2. 5. periodic payments (usually monthly) by a tenant to a landlord in return for the use of a property
  3. 8. a written plan for giving, saving, and spending
  4. 10. people who are designated by the policyholder to receive the death benefit of a life insurance policy
  5. 11. the granting of a loan and the creation of debt; any form of deferred payment
  6. 12. the increase in value of a home over time
  7. 15. a legal claim against (or right to own) an asset until the debt (loan) is repaid
  8. 18. the process of making sure you and the bank agree on how much money is in your checking account
  9. 20. the theory that spending money and consuming goods is good for the economy
  10. 21. the amount of money paid for an insurance policy
  11. 25. money owed to another person or company
  12. 26. something owned (that has value) offered as security on a debt
  13. 27. the additional cost a lender charges for borrowing their money
  14. 28. a list of your investments
Down
  1. 2. the persistent rise in the cost of goods and services over time
  2. 3. the loss of value of an asset over time
  3. 4. the practice of dividing the money a person invests among different types of investments in order to lower risk
  4. 6. the amount of money you will pay out of pocket before the insurance company will make a payment
  5. 7. a financial institution licensed to receive deposits and provide financial services
  6. 9. anything that is owned by an individual, including money in the bank or investments
  7. 13. financial debts or obligations
  8. 14. the initial amount of money invested or borrowed
  9. 16. a distribution from the net profits of a company to its shareholders
  10. 17. money received for work, as a gift, or through investments
  11. 19. a person or organization that uses a product or service
  12. 22. the process of setting money aside to increase wealth over time for long-term financial goals
  13. 23. a loan obtained for the purchase of a home
  14. 24. failure to repay a loan on time
  15. 26. earnings based on a percentage of the sales made