Culminating Assignment

2. - A special savings account for retirement with tax benefits.
5. - A contract where you pay to use something, like an apartment or a car, for a set time.
7. Statement - A summary of all the money going in and out of your account over a period.
10. - When something you own, like a car or a piece of equipment, loses value over time.
11. Card - A card that lets you buy things now and pay for them later.
12. Loan - A loan that requires you to put up something valuable, like a house or car, as collateral.
13. Interest - Earning interest on both the money you initially saved and the interest that money has already earned.
14. on Investment (ROI) - A measure of how much profit you made from an investment.
16. - The money you earn from an investment
20. - A place that keeps your money safe and lends you money.
21. - Getting a new loan to replace an old one, usually with better terms.
24. - A written note telling the bank to pay someone a certain amount of money.
26. - When the bank takes back your house because you can't keep up with the mortgage payments.
28. Income - The money you actually take home after taxes and other deductions.
29. - Money that a company owes.
31. - Spreading out your investments (like stocks and bonds) to reduce risk.
32. - Money or other assets that you can use to make more money.

1. - The amount of money you have in your bank account.
3. - Something valuable that you own and can use to make money.
4. Loan - A loan given based only on your credit score, without needing collateral.
6. - The original amount of money you borrowed or invested, not counting interest.
8. of Credit - An agreement with a bank that lets you borrow up to a certain amount of money as you need it.
9. Income - Your total income before taxes and deductions.
15. - The chance of losing money on an investment.
17. Fund - Money saved up for unexpected costs.
18. - Someone who gets money or benefits from a will, trust, or insurance policy.
19. - When you spend more money than you have in your bank account.
22. Deposit - When your paycheck or other payments go straight into your bank account electronically.
23. - A period when the economy is doing poorly.
24. Limit - The most money you can borrow on your credit card.
25. Payment - The smallest amount you can pay on your credit card bill to avoid penalties.
27. course! Here are the terms rewritten in a more simplified and humanized way:
30. - When someone can't pay back their debts and seeks legal help to deal with it.