Personal Finance Vocab
Across
- 4. An official form that tells a financial institution to give a certain amount of money from someone's account to someone else
- 5. A fee charged when there isn't enough money in an account to cover an expense.
- 7. The impact of social media influencer endorsement and product placement on a consumer's purchasing decisions.
- 10. Something a person or business owes money on
- 11. pull money out of an account at a financial institution.
- 12. A card that allows you to pay for things with money from a checking account
- 15. A number between 300 and 850 that's compiled by considering someone's borrowing history and represents their creditworthiness to potential lenders
- 16. The average life of a product from when it is sold to when it is discarded.
- 18. An account meant to help with and encourage saving money by paying interest. Purchases generally cannot be made directly from the money in the account.
- 20. The price a product could sell for in the future.
- 21. Expenses that generally don't change in dollar amount from month to month, like a mortgage or rent, insurance payments.
- 22. A contract that allows you to borrow someone's property for a specified amount of time and money.
Down
- 1. The money originally deposited into an account or borrowed on a loan.
- 2. An amount of money that gets added to the principal, shown as a percentage.
- 3. Money put into an account at a financial institution
- 6. The collective perception of a brand by customers, employees, partners, and others. The stronger the more trust.
- 8. The price per item or measurement, such as pound or ounce. Can be used to compare the same type of goods sold in varying weights and amounts.
- 9. A guarantee that a manufacturer or seller will repair or replace defective products within a certain timeframe.
- 13. A request to your insurance company to pay for healthcare that you've already received.
- 14. A transaction account that usually does not earn interest. Allow you to use a debit card or check to buy things with money from the account
- 15. The assistance provided by a company to consumers who purchase or use its products or services.
- 17. Expenses that vary from month to month, like money spent on groceries, entertainment clothing.
- 19. An amount paid to the federal or state government to pay for services and programs. Compulsory, which means everyone has to pay them.