FIN LIT vocab by jaydon

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Across
  1. 4. The price you pay to borrow money or the return earned on an investment.
  2. 5. a certain amount of money that you can spend on like a trip or vacation.
  3. 6. The original sum of money thats invested borrowed or lent.
  4. 9. vs. want If you can trim it from your budget its a want if you can its a need.
  5. 10. yourself first Put a portion of your paycheck into your retirement account.
  6. 13. Failure to meet the legal requirements or conditions of a loan.
  7. 14. Is an income received on a regular basis.
  8. 15. Broker A financial professional who buys and sells stocks at a direction of clients.
  9. 18. the annual percentage rate.
  10. 20. shopping When you look at different retailers, both online and in physical stores, to find the lowest possible price for a certain product.
  11. 21. fund A cash reserve thats specifically set Aside for unplanned expenses or financial emergencies .
  12. 22. score A number that depicts a consumer's credit worthiness.
  13. 24. The ability of the consumer to acquire goods and services prior to payment with the faith that the payment will be made in the future.
Down
  1. 1. card A payment card that can be used in place of cash to make purchase.
  2. 2. Union A not-for-profit financial institution that accepts deposits.
  3. 3. of Deposit (CD) A type of savings account.
  4. 7. report. Used by many people to assess the risk of lending money to a potential borrower.
  5. 8. Debt is, something one party owes another, typically money.
  6. 11. a legal procedure for dealing with debt problems of individuals and business
  7. 12. Provides cover for loss of money in transit between the insured premisses.
  8. 16. a measure of how likely you will default on your debt obligations according to a lender's assessment, or how worthy you are to receive new credit.
  9. 17. any resource owned or controlled by a business or an economic entity.
  10. 19. The Transfer of money by one party to another with an agreement to pay it back.
  11. 23. value of money a sum of money is worth more now than the same sum of money in the future.