Across
- 4. to fail to fulfill a contract, agreement, or duty
- 7. a way to manage your risk
- 8. a spending plan based on income and expenses
- 11. score a three-digit number that shows lenders the likelihood that someone will pay off their debts
- 12. something that is necessary to live and function and something that can improve your life.
- 13. the cost of borrowing money
- 15. the money that you originally agreed to pay back
- 17. the amount owed by the borrower to the lender
- 19. shopping comparing similar products from different stores/suppliers
- 20. a relationship between a borrower and a lender
- 22. financial professionals who buy, sell and trade financial securities for their clients
- 23. report when you borrow money from a lender on the understanding that you’ll pay it back later
- 24. fund a cash reserve that’s specifically set aside for unplanned expenses or financial emergencies
Down
- 1. a strategy that mixes a wild variety of investments in an attempt to reduce risk
- 2. a form of debt incurred by an individual or other entity
- 3. setting aside money for savings before bills and making other purchases
- 5. the concept of money today that is worth more than money tomorrow
- 6. a measure of how likely you will default your debt
- 8. a legal process that helps people and businesses obtain financial relief when they can’t pay their debts
- 9. card a payment card that deducts money directly from your checking account
- 10. a nonprofit institution that seeks to encourage savings and make excess funds
- 14. type of savings account offered by banks and credit unions
- 16. things you own that you can sell for money
- 18. the cost you pay each year to borrow money, including fees, expressed as a percentage
- 21. the money that a person or entity receives in exchange for their labor/products