Across
- 3. ratio a calculation that divides the debt you have by the amount of money you make. This gives you a percentage that helps lenders decide your ability to pay back a loan.
- 5. a contract that lets you use someone else’s property for a specified rate and length of time.
- 6. entry accounting a budgeting method where you record your earnings twice: once in your account and once in your budget.
- 8. payment an amount paid before a large purchase to reduce the loan amount and prove your interest and ability to make such a purchase.
- 9. of return how much an investment or loses over a specific amount of time
Down
- 1. the amount deducted from your paycheck by your employer to go toward paying things like federal and state taxes, social security taxes, and health insurance.
- 2. motorist coverage a type of insurance that covers you in the case of a collision with a uninsured driver who is at fault
- 3. the amount you’ll need to pay before insurance kicks in and covers the rest of your costs. For renters and auto insurance, the deductible is per claim.
- 4. contributions to state and federal governments to pay for things like public services and infrastructure.
- 7. life insurance life insurance with a finite coverage period; usually 5, 10, 20, or even 30 years.