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