Financial Literacy Terms Review

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Across
  1. 1. A written document that authorizes a financial institution to transfer money from one account into another
  2. 2. A document that comes with your paycheck, showing how much you were paid and how much was withheld for taxes
  3. 4. A coupon issued from a store to a customer that guarantees a sale item that is out of stock can be purchased later for the sale price
  4. 7. A guarantee that a manufacturer or seller will repair or replace defective products within a certain timeframe
  5. 10. A contract that allows you to borrow someone's property for a specified amount of time and money
  6. 12. A plan for what you're going to spend your money on
  7. 13. A number between 300 and 850, based on credit history, that helps determine how likely an individual is to repay a loan
  8. 16. An amount of money paid upfront toward a large purchase to reduce the loan amount and show the buyer’s commitment and ability to repay
  9. 18. An amount removed from your bank or credit union account to pay for something
  10. 19. The amount of money you need to pay toward expenses before your insurance will cover the rest
  11. 21. To pull money out of an account at a financial institution
  12. 23. Moving money from one account to another
  13. 24. The amount of money left on your paycheck after taxes have been withheld
Down
  1. 1. A bank account that allows quick access to money for everyday expenses
  2. 3. Necessities like electricity, gas, and water, which are paid monthly as part of your household expenses
  3. 5. A service that provides protection against the unpredictable; like car accidents or broken arms
  4. 6. Money paid to the federal or state government for services and programs
  5. 8. The amount you owe to someone else
  6. 9. A fee from your bank or credit union when you try to spend more than what is in your account
  7. 11. Anything that you spend money on
  8. 14. The price an already purchased product could sell for in the future
  9. 15. Money earned through work
  10. 17. Borrowing money to pay for something with the understanding you'll pay it back, plus more, later
  11. 20. When you turn your money over to a financial institution for safekeeping
  12. 22. Your income from any and all sources, before taxes are withheld