Across
- 2. the maximum amount of money a lender will allow you to spend on a credit card or a line of credit
- 6. a legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations
- 8. mandatory contributions levied on individuals or corporations by a government entity
- 10. an increase in value of an asset over time
- 11. removing funds from a bank account, savings plan, pension, or trust
- 12. the money that a person or entity receives in exchange for their labor or products; the amount of money, property, and other item of value received over a set period of time in exchange for services or products
- 13. all the money you earn before taxes and other deductions are subtracted
- 14. an agreement between you and a lender that gives the lender theif you fail to repay the money you've borrowed plus interest
- 16. an estimate of income and expenditure for a set period of time
- 18. the monetary charge for borrowing, or depositing money and is usually expressed as a percentage of the amount borrowed, or deposited; a charge that borrowers pay lenders for a loan
- 22. A federal program that provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses
- 23. generally operates as a substitute for cash or a check, allowing one to buy now and pay back later with interest
- 25. a specialized computer that allows you to complete bank transactions without the need to see a bank representative
- 26. a sum of money that one or more individuals or companies borrow from a bank arother financial institution
- 27. the cash that the buyer pays upfront in a real estate transaction and other large purchases
- 29. things that are nice to have but are not absolutely necessary
- 30. the action or process of reducing or paying off a debt with scheduled, predetermined installments that include principal and interest
Down
- 1. an expense in your budget that you can expect to stay the same, or close to it, over time
- 3. expenses that change in the amount from month to month
- 4. wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments, and benefits, like health insurance
- 5. the money you may have available after taxes and deductions are taken out of your paycheck
- 7. an item of value that a lender can seize from a borrower if they fail to repay
- 9. the ability to borrow money with the promise that you'll repay it in the future, often with interest
- 15. using your personal information-such as your name, Social Security number, or credit card number-without your permission
- 17. something necessary for survival or basic functioning
- 19. a payment card that deducts money directly from a consumer's checking account when it is used
- 20. the reduction in value of an asset over time
- 21. a security that represents the ownership of a fraction of the issuing corporation
- 24. placing money into the care of a bank or other financial institution
- 28. wage - A wage set by contract or by law as the lowest that may be paid to employees