W!SE Vocabulary Unit 3

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Across
  1. 3. The initial payment made at the time of purchase
  2. 4. Numerical rating system of an individual's credit compiled on a point system by the three main credit bureaus.
  3. 5. The maximum dollars an individual can borrow from a lending company.
  4. 7. In relation to personal finance, to own multiple forms of stocks and bonds invested in different companies. The theory is to spread out an individual's investments allowing a safer investment and stronger chances of growth.
  5. 10. Offerings from a company to the employee. Some of the benefits may include the purchase of healthcare, retirement planning, stock purchase plan, paid time off and/or sick leave, to name a few.
  6. 11. Type of insurance that provides income to a policyholder is who disabled and cannot work.
  7. 12. The amount to which the required amount falls short.
  8. 14. The type of card an individual can use billed on their charge account. The person responsible will also be responsible for the interest charges that may accumulate on the card, as well.
  9. 16. An individual's paycheck is automatically put into their checking and/or savings account on the date of pay.
  10. 18. The "top" half of a pay stub and/or paycheck. The itemized breakout shows all the deductions and earnings. Some earnings statements include vacation time and sick balances, as well.
  11. 19. A payment made by a company to its shareholders, usually as a distribution of its profits. Cash dividends are traditionally made at year's end.
  12. 20. Money or payments received.
Down
  1. 1. The date to which a payment must be received.
  2. 2. A statement of an individual's credit history issued by a credit bureau. It is a complete record of your borrowing and repayment performances.
  3. 6. The spending money left over at the end of each pay period/month after all the mandatory responsibilities have been deducted. Examples:Rent/Mortgage; Car Insurance; Car Payment; Power Bill; Phone Bill; Savings; etc.
  4. 8. Switching monies from one account to another. Most individuals transfer money from their checking to their savings and visa-versa.
  5. 9. Failure to pay back a loan.
  6. 13. Money set aside for an unplanned costly event. Examples:larger medical expenses; car repairs.
  7. 15. The type of card an individual may use most commonly linked to his/her checking account. The money comes directly out of the account
  8. 17. The amount for which the insured is liable on each loss/injury before the insurance company will make a payment.