Across
- 3. removing funds from a bank account, savings plan, pension, or trust
- 7. the total annual cost of borrowing money with a credit card or installment loan
- 9. a financial liability or obligation owed by one person, the debtor, to another, the creditor
- 11. something pledged as security for repayment of a loan, to be forfeited in the event of a default
- 14. a percentage of ownership in a company
- 16. an asset that you put money into with the hope that it will grow to appreciate into a larger sum of money in the future
- 18. a contractual agreement in which a borrower receives something of value immediately and agrees to pay for it later, usually with interest
- 19. limit the maximum amount of money a lender will allow you to spend on a credit card or a line of credit
- 20. also known as equity, a security that represents a fractional share of ownership in a company
- 21. income an individual's total earnings before taxes or other deductions
- 23. money lent to a borrower or put into an investment
- 24. placing money into the care of a bank or other financial institution
- 26. payment an initial up-front partial payment for the purchase of expensive items/services, such as a car or a house
- 28. the decrease in the value of an asset
Down
- 1. expense any expense that can fluctuate in amount, such as groceries, gas, and entertainment
- 2. expense an expense in your budget that you can expect to stay the same, or close to it, over time
- 4. anything that an individual or business owns that has monetary value and can be sold for cash
- 5. the monetary charge for borrowing, or depositing money and is usually expressed as a percentage of the amount borrowed, or deposited
- 6. an estimate of income and expenditure for a set period of time
- 7. an increase in the value of an asset
- 8. the money that a person or entity receives in exchange for their labor or products
- 10. an expenditure that is essential for you to be able to live and work
- 12. an electronic machine that performs basic banking functions and financial transactions
- 13. a sum of money that one or more individuals or companies borrow from banks or other financial institution
- 15. the process of paying off a debt through scheduled, ore-determined installments that include principal and interest
- 17. fund a source of ready cash in case of an unplanned expense, an illness, or the loss of a job
- 22. income for an individual, it is your total income minus taxes and any other deductions
- 25. card a payment card that deducts money directly from a consumer's checking account when it is used
- 27. payment made by an employer to an employee for work done in a specific period of time
- 29. deductions wages withheld from an employee's paycheck for the payment of taxes, benefits, or garnishments