Across
- 5. A record of things a party has borrowed from another party. Reports on one’s debt.
- 8. The consideration of a good considered vital versus a good purchased only for your leisure.
- 10. An instant electronic payment method.
- 13. A calculation plan, usually financial in nature. Can be used to determine many things, but a common case that we would see it in is when you are setting aside money for groceries.
- 14. To invest in numerous different fields in order to prevent a volatile portfolio.
- 17. The initial agreed upon amount of money to be paid back.
- 20. An obligation that one party pays money to another, usually a party that the first one has borrowed money from.
- 21. Yearly interest rate applied to loans and mortgages.
- 22. A means of protection against financial loss, where a company or other group will agree to compensate another party.
- 23. The concept that money is more valuable when paid in the current, immediate moment, as opposed to an identical sum later.
Down
- 1. The setting aside of money for savings before handling other finances. In other words...
- 2. A numerical value representing creditworthiness. Often derived from a credit report.
- 3. A nonprofit financial organization in which members can borrow money from a pool at low interest rates.
- 4. An individual or company that buys and sells stock shares and other investments for a financial market participant in exchange for some method of being paid back.
- 6. A sort of ‘pit’ of money that you have set aside from your normal finances in the event of an emergency.
- 7. The monetary charge for borrowing money (the principal).
- 9. A measure of how reliable someone is in terms of giving them financial credit.
- 11. A certificate given to someone depositing money that dictates the amount of time that someone must wait before withdrawing their deposit without penalty.
- 12. To fail to make a payment in time.
- 13. A process in which a debtor can seek relief from their debts, which in this process would be considered unable to be payed back.
- 15. In an extremely broad sense, money that is earned.
- 16. The trust which allows a party to offer goods and services to a second party in the context that they will pay it back at a later date.
- 18. The comparing of suppliers in order to determine the best current price for a service or product.
- 19. A resource controlled by a business or economic entity.
- 24. An agreement between two parties in which one party borrows money and agrees to pay it back to the other, typically with interest.