Personal Finance Vocab Review

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Across
  1. 4. extra items on a car purchase that increase both cost and value
  2. 5. money taken from your account
  3. 10. government funded health insurance for low income households
  4. 12. the name given to the official used car guide
  5. 16. a type of payment toward the purchase of real estate to show the buyer is serious
  6. 17. a percentage charged for borrowing money
  7. 19. a person or organization that uses a commodity or service
  8. 21. the gov agency that insures your bank up to $250,000
  9. 25. a resource with economic value
  10. 26. something used as insurance to the lender that the borrow would forfeit if they cannot make payments on the loan
  11. 27. a tax paid by the owner of a home, business or land
  12. 30. payroll tax funded insurance for people 65 and older
  13. 32. the legal process by which a landlord can force and tenant out of a property
Down
  1. 1. a loan taken out for the purpose of purchasing property in which the property is held as collateral on the payment of the loan
  2. 2. the type of pay you get before taxes are taken
  3. 3. expenses that are expected every month
  4. 6. a financial summary of the expected income and expenses
  5. 7. the amount of money currently in your account or the act of tallying income and expenses
  6. 8. the act of taking money out of your account
  7. 9. when the borrower fails to make their payments and a lender takes possession of the property
  8. 11. the yearly decline in value of a vehicle starting when you drive away from the dealer
  9. 13. services provided by companies and not a landlord like electricity, Internet, water, gas and cable
  10. 14. the interest rate paid over a years time
  11. 15. the actual amount of income after taxes
  12. 18. an account held by a lender in which the homeowner pays for taxes and insurance
  13. 20. a type of tax charge by state and local governments on the purchase of a good to service
  14. 22. a building with apartments that have separate entrances for 2 or more tenants
  15. 23. a summary of your education and work history given to a potential employer
  16. 24. when you overspend and your account has a negative balance
  17. 28. the difference between what you owe on your home and what its market value is
  18. 29. expenses that change from month to month
  19. 31. payments received for goods or services, the money you receive for your work or stuff
  20. 33. money put into your account