Across
- 3. of Deposit (CD) is a savings product that earns interest on a lump sum for a fixed period of time.
- 5. allow or provide a particular amount of money in a budget.
- 6. failure to make required interest or principal repayments on a debt
- 8. any resource owned or controlled by a business or an economic entity.
- 10. shopping when consumers compare the price of products or services between different providers and retailers before making a purchase
- 13. fund a cash reserve that's specifically set aside for unplanned expenses or financial emergencies.
- 16. something, typically money, that is owed or due.
- 17. The process of spreading investments across different asset classes, industries, and geographic regions to reduce the overall risk of an investment portfolio.
- 19. value of money A sum of money in the hand has greater value than the same sum to be paid in the future.
- 22. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
- 23. the state of being completely lacking in a particular quality or value.
- 24. the cost you pay each year to borrow money, including fees, expressed as a percentage
Down
- 1. 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
- 2. card a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
- 4. 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.
- 7. a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
- 9. money received, especially on a regular basis, for work or through investments.
- 10. report a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts.
- 11. yourself first set aside money for savings before paying bills and making other purchases.
- 12. Union a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
- 14. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
- 15. Broker Individuals who buy and sell stocks and other securities for retail and institutional clients, through a stock exchange or over the counter, in return for a fee or a commission
- 18. vs. want A need is something that is necessary to live and function. A want is something that can improve your quality of life.
- 20. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
- 21. money lent to a borrower or put into an investment.