Across
- 4. type of savings account offered by banks and credit unions
- 5. Anyone having borrowed money or goods from another
- 6. encompasses any form of deferred payment
- 7. Insurance is a means of protection from financial loss
- 8. spend money from your checking account without writing a check.
- 14. legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.
- 17. measure of a borrower's risk to a lender
- 18. A need is an essential requirement for survival, while a want is just a desire that is not necessary for living or survival
- 19. a failure to do something
- 20. summary of your unique financial history
- 21. spending plan based on income and expenses
- 22. reinforces a savings-focused mentality
- 24. money received
Down
- 1. the practice of comparing the prices of items from different sources to find the best deal.
- 2. moneyyou set aside for life's unexpected expenses
- 3. based on your credit history
- 5. the spreading of your investments both among and within different asset classes
- 9. price you pay to borrow money or the cost you charge to lend money
- 10. person who has controlling authority or is in a leading position
- 11. form of debt incurred by an individual or other entity
- 12. expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income earned on a investment
- 13. financial professional who buys and sells stocks at the direction of clients
- 15. anything that has current or future economic value to a business.
- 16. member-owned nonprofit cooperative financial institution
- 23. financialprinciple that states a sum of money is worth more now than in the future