Across
- 2. Any money an individual receives.
- 3. Intentional misrepresentation of information with the intent to deceive or mislead.
- 5. Earning interest on interest. Rule of 72-how long it takes money to double in value. Divide 72 by the interest to determine the number of years it will take money to double.
- 8. Unlicensed lenders who charge illegally high interest rates.
- 10. The willingness to give up something you want now in order to get something better in the future.
- 11. An investment that makes the investor a part owner of a company.
- 12. An excessively high offer for a trade-in vehicle.
- 13. A formal agreement where you lend money to a borrower who can then use that money for a set period of time. In exchange, you as the lender will get paid a specific amount of interest.
- 14. Loan to buy real estate, such as land or a home.
- 15. Items that a person would like to have but are not essential for life. Items, activities, or services that may increase the quality of life, but one can live without them.
- 16. earnings from an investment, usually expressed as an annual percentage rate
Down
- 1. The profit from an investment.
- 4. The finance charge or total amount it costs per year to use credit, calculated as a percentage of the amount borrowed (percentage rate), including interest, transaction fees, and service charges.
- 6. An identity theft tool that appears in the form of an E-mail or pop-up message; usually looks like it’s from a legitimate financial institution and prompts you to provide your personal information in order to fix a “problem” with your account.
- 7. An amount of money spent to buy something or do something.
- 9. The difference between a person’s assets and liabilities.