Unit 5 Financial Literacy

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Across
  1. 4. A share of ownership in a company.
  2. 6. A numerical rating based on credit history that indicates how much of a credit risk a borrower may be
  3. 9. Annual Percentage Rate
  4. 10. A loan obtained without collateral, based solely on the borrower's creditworthiness.
  5. 14. largest source of federal revenue
  6. 15. Interest calculated on both the initial principal and the accumulated interest
  7. 16. A professionally managed investment fund that pools money from many investors to purchase a diversified portfolio of securities.
  8. 19. An individual or organization that loans money to a borrower
  9. 21. main 3 tax
  10. 23. parentage of income taxed for medicare
  11. 25. An agreement in which a borrower receives something of value now and agrees to repay the lender over time, usually with interest.
Down
  1. 1. A loan that is backed by collateral
  2. 2. main 1 tax
  3. 3. The smallest amount of money that a borrower must pay each month to keep the account in good standing
  4. 5. amount of money that is owed to a lender
  5. 7. group 3 that receives our tax money
  6. 8. A legal process that provides a person with a fresh financial start, but severely damages their credit rating
  7. 11. percentage of income taxed for social security
  8. 12. An asset offered to a lender to secure a loan; if the borrower defaults, the lender can seize the asset
  9. 13. A detailed summary of an individual's credit history
  10. 17. main 2 tax
  11. 18. Spreading investments across various assets to reduce risk
  12. 20. group 1 that receives our tax money
  13. 22. Providing money or capital to an enterprise with the expectation of making a financial gain.
  14. 24. group 2 that receives our tax money