Consumer Education Terms

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Across
  1. 4. Money received on a regular basis for work or through investments
  2. 5. Good or services that people cannot survive without such as water, food, shelter and clothing
  3. 8. To automatically save a specified amount from a paycheck for future use.
  4. 11. The next best alternative given up when making a financial choice.
  5. 13. A card authorizing the holder to buy goods and services that can be paid for later
  6. 15. Money owed
  7. 17. A standardized measurement of the potential to repay a debt.
  8. 21. Expenses that do not change from month to month, such as auto insurance or rent
  9. 23. Making a purchase based on an immediate want or due to the pressure of advertising
  10. 24. An interest-bearing account where people put money for future use.
  11. 26. A fee paid or received for the use of money
Down
  1. 1. Total pay or earnings made over a one-year period BEFORE any deductions have been taken.
  2. 2. A record of checking account transactions that tracks the accounts balance.
  3. 3. A record of income and spending and a plan for managing money
  4. 6. A written order for a bank to pay money
  5. 7. The amount of financial trust extended to a person or a business by a lender; a loan
  6. 9. A for-profit institution that offers personal loans, mortgages and other services.
  7. 10. The amount of money originally invested
  8. 12. Amount of monthly income remaining AFTER all deductions have been taken (sometimes referred to as take home pay)
  9. 14. Money paid out of pocket before insurance covers the remaining cost.
  10. 16. The amount paid for an insurance policy.
  11. 18. A card that looks like a credit card but operates like cash; money is immediately subtracted from the cardholder’s bank account when a purchase is made
  12. 19. The possibility of financial loss or physical harm.
  13. 20. To commit money to gain a profit or earn interest
  14. 22. plans that take a year or more to accomplish
  15. 25. An amount deducted from a bank account