Across
- 1. items that a person would like to have but are not essential for life. Items, activities, or services that may increase the quality of life, but one can live without them.
- 4. a formal agreement where you lend money to a borrower who can then use that money for a set period of time. In exchange, you as the lender will get paid a specific amount of interest.Principal = The amount of money someone is willing to loan you. Also, the amount that is still owed on a loan.
- 6. written order directing a bank or credit union to pay a person or business a specific sum of money.
- 8. payment for use of someone else’s money; usually expressed as an annual rate in terms of a percent of the principal (the amount owed). Expense = An amount of money spent to buy something or do something.
- 10. expenses that are not fixed.
- 12. the value of personal items that one owns, including savings, investments, and property, one of three factors used in credit scoring.
- 13. loan to buy real estate, such as land or a home.
- 14. expenses that cost the same amount every time.
Down
- 2. an investment that makes the investor a part owner of a company.
- 3. a plan for managing money, dividing up expected income and expenses among spending and saving options based on personal goals during a given time period.
- 5. the entire amount of money owed to lenders
- 7. amount of money a creditor is willing to loan another to purchase goods and services, based on trust and the expectation that the money will be repaid as promised with interest
- 9. money set aside for short-term goals.
- 11. an amount of money spent to buy something or do something.