financial literacy vocab

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Across
  1. 3. a legal action that is taken by a business when they are unable to pay off their debts.
  2. 5. a method in which you can protect yourself and your loved ones from facing financial problems.
  3. 6. score a three digit number that represents the likelihood of you paying your bill on time.
  4. 7. vs. want A need is an item or a payment that u are required to pay and a want is like dining out and going shopping
  5. 9. shopping the comparison of similar products that are from different stores or different suppliers.
  6. 13. of Deposit (CD) Saving accounts that hold a certain amount of money for a certain amount of time and in return the bank pays interest.
  7. 14. card a payment card that directly deducts money from your checking account.
  8. 15. Any resource that can be owned by a business and will add financial value.
  9. 18. the likeliness of you paying back your debt
  10. 20. the concept that holds that the value that a dollar is worth more in the future
  11. 21. yourself first a financial strategy to increase and stay consistent with savings and investments.
  12. 22. Union not for profit financial institution that makes loans,accepts deposits and provides financial services.
  13. 23. a sum of money that is borrowed from a person or a group of people to financially manage planned or unplanned events.
Down
  1. 1. the rate of interest that u will pay if u still have a remaining balance on the credit card.
  2. 2. The price you pay to borrow money or the amount earned on an investment.
  3. 3. a plan that is written down to decide how much of your money you will spend each month.
  4. 4. The money or the revenue that a business received or receivable by goods or by service.
  5. 8. the failure to make or meet the required interest or principal payment on a debt.
  6. 9. the agreement in which you borrow money you will have to pay it back
  7. 10. an amount that is owed from the borrower to the lender.
  8. 11. financial professional that executes orders in the market on the behalf of their clients.
  9. 12. a strategy that mixes a wide variety of investments within a portfolio
  10. 16. The original sum money that was lent or borrowed.
  11. 17. fund money that is set aside for an unplanned expense,medical emergency, and financial emergencies.
  12. 19. report. a statement that has information about your credit activities and the current credit situation that you have such as loan paying or your status of your credit account.