Personal Finance Vocabulary

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Across
  1. 2. a debt security
  2. 5. an interest-bearing deposit account held at a bank or other financial institution
  3. 6. the interest you earn on interest
  4. 8. what employees earn before taxes, benefits and other payroll deductions are withheld from their wages
  5. 12. the amount an employee receives after all deductions and taxes are taken out
  6. 13. a statement of all transactions made between entities
  7. 14. a financial institution that is licensed to accept checking and savings deposits and make loans
  8. 15. a loan that requires an asset as collateral
  9. 16. a type of short-term borrowing where a lender will extend high-interest credit based on your income
  10. 17. predicts how likely you are to pay back a loan on time
  11. 18. a security that represents the ownership of a fraction of the issuing corporation
  12. 19. a company that pools money from many investors and invests the money in securities
Down
  1. 1. a quick and easy method of calculating the interest charge on a loan
  2. 3. the process of shifting an economy away from a single income source toward multiple sources from a growing range of sectors and markets
  3. 4. an interest rate on a loan or security that fluctuates over time because it is based on an underlying benchmark interest rate or index that changes periodically
  4. 6. a savings account that holds a fixed amount of money for a fixed period of time
  5. 7. a statement that has information about your credit activity and current credit situation
  6. 9. profits gained from the sale of capital assets
  7. 10. a financial institution that offers services like banks but is run by its members
  8. 11. an unchanging rate charged on a liability, such as a loan or mortgage