Economics

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Across
  1. 2. Money recieved for work, as a gift, or throughout installments.
  2. 4. money owed to another person or company.
  3. 6. something owned (that has value) offered as a security on debt.
  4. 9. expense that varies in dollar amount from month to month but you can expect to have every month
  5. 10. expense for things you don't need.
  6. 12. credit that automatically renews whenever a payment is made to reduce the debt.
  7. 14. expense that remains the same from month to month
Down
  1. 1. a lender who uses deceptive unfair or fraudulant, practices or borrowers who are desperate for cash.
  2. 2. expense that occurs at various times throughout the year and tends to be in large lump sums
  3. 3. a loan for a fixed amount of money that is paid back in monthly installments.
  4. 5. an asset that increases in value over time.
  5. 7. an asset that loses value over time, such as a car that's worth less every year.
  6. 8. failure to repay a loan on time
  7. 11. the increase in value of a home over time, the difference between the amount owed and what the home could be sold for.
  8. 13. a legal claim against an asset until the debt is repaid