Personal Finance Vocab

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Across
  1. 1. is a security that represents ownership in a corporation, typically giving the holder rights to vote and receive dividends.
  2. 3. is a portion of a company’s earnings that is distributed to its shareholders, usually paid in cash or additional stock.
  3. 6. is a U.S. government agency that insures deposits in member banks up to a certain limit, protecting depositors from the loss of their money in the event of a bank failure.
  4. 11. is the date on which the principal amount of a bond, loan, or other financial instrument becomes due and payable.
  5. 15. is a loan that is backed by collateral, meaning the lender can claim the collateral if the borrower defaults on the loan.
  6. 16. is a type of security that represents ownership in a corporation, giving shareholders voting rights and a share of the company’s profits, typically paid in cash or additional stock.
  7. 17. is an investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.
  8. 18. is the possibility of loss or damage in an investment, business, or financial decision.
  9. 19. is a non-profit financial cooperative that provides banking services to its members, including savings accounts, loans, and other financial services.
  10. 21. are the amount paid by policyholders to insurance companies for coverage under an insurance policy.
  11. 22. are deductions taken from an employee's salary after taxes have been applied, such as retirement contributions or charitable donations.
  12. 23. is money that is set aside for future use, typically in a bank account, and not spent immediately.
  13. 24. are debt securities issued by local governments or their agencies to finance public projects, such as schools, highways, or hospitals.
  14. 25. is a company that provides financial services, such as banks, credit unions, insurance companies, and investment firms.
  15. 26. is a type of bank account that allows the account holder to withdraw funds at any time without any advance notice, typically a checking account.
  16. 27. are taxes withheld from an employee’s salary by an employer to fund social security, healthcare, and other government programs.
Down
  1. 2. are individuals or institutions to whom money is owed.
  2. 3. is the amount an insured person must pay out of pocket before an insurance policy will cover the remaining costs of a claim.
  3. 4. are deductions taken from an employee’s salary before taxes are applied, such as contributions to retirement plans or health insurance premiums.
  4. 5. is a type of stock that gives shareholders priority over common stockholders in receiving dividends and assets in the event of liquidation but usually does not carry voting rights.
  5. 7. is assets pledged by a borrower to secure a loan, which can be seized by the lender if the borrower defaults on the loan.
  6. 8. is the practice of spreading investments across various asset classes to reduce risk and increase the potential for return.
  7. 9. is failure to fulfill a financial obligation, such as failing to make loan payments as agreed.
  8. 10. is a professional who buys and sells securities on behalf of clients, typically earning a commission for each transaction.
  9. 12. is a tax-advantaged retirement savings account that allows individuals to set aside money for retirement, often with tax-deferred growth.
  10. 13. is a provision that removes certain income, property, or transactions from taxation or reduces the amount subject to tax.
  11. 14. is a loan that is not backed by collateral, meaning the lender has no claim on the borrower’s assets in the event of default.
  12. 20. is the percentage at which interest is charged or paid for the use of money, usually expressed as an annual percentage.