FIN LIT VOCAB

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Across
  1. 2. value of money the concept that a sum of money is worth more now than the same sum will be at a future date due to its earnings potential in the interim
  2. 3. a principle is a rule, a law, a guideline, or a fact
  3. 4. an emergency fund is a stash of money set aside to cover unplanned expenses or financial emergencies
  4. 5. set aside money for savings before paying bills and making other purchases
  5. 6. something that is owed or due
  6. 8. money received, especially on a regular basis, for work or through investments.
  7. 11. anything useful or valuable that can be used to produce positive economic value
  8. 12. failure to pay
  9. 14. a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
  10. 17. how likely a potential borrower is to back a line of credit
  11. 18. a set amount of income for a set period of time
  12. 19. report a report on your credit activity and your current credit
  13. 22. the spreading of your investments both among and within different asset classes
  14. 23. financial professionals who buy, sell and trade financial securities for their clients
  15. 24. a not-for-profit financial institution that accepts deposits, makes loans, and provides a wide array of other financial services and products.
Down
  1. 1. a type of savings account offered by banks and credit unions
  2. 7. a legal status that lasts for about a year and is also a way to clear your debt, which is also a state of being completely lacking in any particular value or quality
  3. 9. to compare prices from different retailer and choose the place that's the cheapest
  4. 10. an insurance is a legal agreement between an insurer (insurance company) and an insured (individual), in which an insured receives financial protection from an insurer for the losses they may suffer under specific circumstances.
  5. 13. the price you pay for a loan
  6. 15. score a prediction of your credit behavior, such as how likely you are to pay a loan back on time, based on information from your credit reports
  7. 16. needs are something that you must have, in order to live. While, wants are something that you wish to have
  8. 17. the ability of a customer to obtain something based on if they will be able to make the payments in the future
  9. 20. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
  10. 21. a payment card that deducts money directly from your checking account