Across
- 5. The cost of borrowing money, usually expressed as a percentage of the loan amount.
- 6. The portion of income not spent on consumption and set aside for future use.
- 7. The ability to borrow money with the promise to repay it in the future, usually with interest.
- 8. Money owed to lenders, typically as a result of borrowing.
- 9. The act of allocating resources (usually money) in hopes of generating profit or income.
- 10. Financial obligations or debts owed.
- 11. The rate at which the general level of prices for goods and services rises, eroding purchasing power.
- 12. A plan for managing income and expenses over a set period, helping track spending and savings.
- 15. Money received, typically on a regular basis, for work or through investments.
- 17. A loan specifically used to purchase real estate, usually repaid over an extended period.
- 18. Worth: The difference between a person’s assets (what they own) and liabilities (what they owe).
Down
- 1. A sum of money borrowed and expected to be repaid, often with interest.
- 2. Fund: Savings or investments set aside specifically for income during retirement, such as 401(k) or IRA accounts.
- 3. Anything of value that is owned and can be converted into cash.
- 4. Spreading investments across different types of assets to reduce risk.
- 13. Money spent on goods, services, or bills.
- 14. Fund: Savings reserved for unexpected expenses or financial emergencies.
- 16. Score: A numerical rating based on an individual's credit history, used by lenders to determine creditworthiness.