Across
- 3. Spreading investments across different assets to reduce risk.
- 5. The amount you must pay out of pocket for a claim before your insurance company starts to pay.
- 10. The original amount of money borrowed or invested, separate from interest.
- 11. A percentage of monthly income that goes toward paying debts.
- 12. (Annual Percentage Rate) The yearly cost of borrowing money, expressed as a percentage.
- 14. A company-sponsored retirement account
- 16. A plan for income and expenses to manage spending.
- 18. Interest calculated on the initial principal and accumulated interest from previous periods.
- 19. When you spend more money than you have in your bank account, often resulting in a fee from the bank
- 20. Cash set aside for unexpected expenses, such as medical bills or job loss.
Down
- 1. A market where shares of publicly held companies are issued and traded.
- 2. A three-digit number indicating creditworthiness, usually ranging from 300 to 850.
- 4. Expenses that remain the same versus those that change
- 6. The rate at which the general level of prices for goods and services rises.
- 7. The total value of assets minus total liabilities.
- 8. A specific type of loan used to purchase real estate, where the property itself serves as collateral
- 9. Debts or financial obligations owed to others
- 13. A tax-advantaged account that individuals use to save and invest for retirement independently of an employer.
- 15. Resources owned that have value, such as cash, stocks, or real estate.
- 17. Money received on a regular basis for work or through investments.