Across
- 2. the maximum dollar amount that can be borrowed
- 4. income not used for consumption
- 7. something of value that a borrower lets the lender claim if a loan is not repaid
- 10. check written by a bank on its own funds
- 13. personal check for which a bank has guaranteed payment
- 14. type of borrowing for the use of debt to purchase goods which will be consumed immediately
- 15. the moving of goods or people from one place to another
- 19. term for both cashier's check and certified checks
- 21. the act of taking an asset used as collateral and selling it to pay the debt
- 23. agreeing to be responsible for another person's loan payments if that person fails to make them
- 25. services needed by the public
- 28. the difference between assets and liabilities
- 30. to fail to do something required
- 31. a plan for making and spending money
- 32. type of checking account that pays interest
Down
- 1. account held by two or more people
- 3. type of borrowing for the use of debt to purchase goods which will increase in value
- 4. a check dated more than 6 months prior to delivery; not accepted
- 5. the protection or promotion of the interests of consumers
- 6. a legal process that allows part of your paycheck to be withheld for payment of a debt
- 8. type of account that payments can be ordered by a depositor
- 9. the amount of money borrowed
- 11. a loan used for personal use
- 12. person who owes money
- 13. possible outcomes
- 16. a checking account at a bank or a similar depository institution
- 17. a person to whom money is owed
- 18. money borrowed against a credit card
- 20. specified amount of money that the insured must pay before an insurance company will pay a claim
- 22. using a future date on a check
- 24. to set right, remedy; relief from wrong or injury
- 26. check used in place of cash when traveling to guarantee greater security
- 27. the price paid for the use of borrowed money
- 29. the fair distribution of economic benefits