Financial Literacy Vocabulary

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Across
  1. 5. individual’s expenses and outstanding debts
  2. 6. gift made by an individual or an organization to a nonprofit organization, charity or private foundation
  3. 8. individual who does not consider money as a necessity and does not have much of an opinion on money
  4. 10. individual’s belongings which have value
  5. 13. interest-bearing deposit account held at a bank which provides a modest interest rate
  6. 14. sum of money due to another
Down
  1. 1. direct tax levied on income of a person
  2. 2. number given to an individual which indicates to the lender their ability to repay a loan
  3. 3. provides a line of credit from a lending institution which can be accessed with a card, has a maximum limit (credit limit) which can be spent and requires monthly repayments
  4. 4. income or expense that does not change for a relatively long period (rent, salary)
  5. 7. money which is agreed to be paid back and only goes towards the principal of the loan
  6. 9. range of incomes subject to a certain income tax rate
  7. 11. trusted institutions where money is kept secure
  8. 12. amount of money charged by a bank to borrow money
  9. 13. individual who enjoys spending money on himself/herself or others