Across
- 4. a type of savings account offered by banks and credit union
- 5. an agreement between two parties where one owes the other a specific amount of money
- 6. the ability to borrow money with the promise that you'll repay it in the future, often with interest.
- 7. is a way to manage your risk.
- 8. is a payment card that deducts money directly from your checking account
- 14. A legal proceeding initiated when a person or business is unable to repay debts
- 17. a measure of how likely you will default on your debt obligations according to a lender's assessment
- 18. A need is something that is necessary to live and function A want is something that can improve your quality of life
- 19. to fail to fulfill a contract agreement or duty
- 20. a statement that has information about your credit activity and current credit situation
- 21. a plan you write down to decide how you will spend your money each month
- 22. set aside money for savings before paying bills and making other purchases
- 24. the amount of money, property, and other transfers of value received over a set period of time
Down
- 1. the ability to compare prices on products across different retailers
- 2. a separate savings or bank account used to cover or offset the expense of an unforeseen situation.
- 3. a prediction of your credit behavior
- 5. a strategy that mixes a wide variety of investments within a portfolio in an attempt to reduce portfolio risk.
- 9. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
- 10. denoting an original sum invested or lent.
- 11. You borrow a sum of money from the lender and, in exchange, agree to repay the amount plus interest over a specific period of time
- 12. the cost you pay each year to borrow money
- 13. a financial professional who executes orders in the market on behalf of clients.
- 15. things you own that you can sell for money
- 16. accepts deposits, make loans, and provides a wide array of other financial services and products.
- 23. the concept that money is worth more in the present than in the future