Across
- 2. / An amount of money that is owed.
- 5. / The amount of money you are paid on an hourly rate. It is usually paid as a weekly or fortnightly amount for working. It can also include amounts for overtime, penalty rates and shift allowances.
- 6. / The level of uncertainty of a particular investment. Often, the higher the risk, the higher the return.
- 9. chip shares / Shares in reliable and well-established companies. They are considered a safe investment.
- 10. interest / When you receive (or pay) interest on both the principal and any existing accumulated interest.
- 13. / This can mean two things. When you receive interest it is a type of income – such as the “interest” that the bank will give you when you let them hold onto your money. However, when you pay interest, it is the cost of borrowing – the extra amount you must pay back when you take out a loan.
- 14. scheme / A scheme attached to some credit cards where rewards are offered for spending money using the card. This may take the form of points redeemable for goods and services. Examples include Fly Buys or frequent flyer schemes.
- 15. / The amount of money received from savings or an investment. It is usually expressed as a percentage.
- 17. deposit / Financial institutions offer the customers the opportunity to “lock their money away” in a term deposit. This means that you can’t get it back for a certain period without losing some or all the interest, but you will receive an agreed amount of interest if it remains in deposit for the agreed period.
- 18. / If you own shares, the business may pay some of its profits to you as a percentage of the originally issued value of the share.
Down
- 1. / Payment made for the use of property.
- 3. / Money paid to governments used to provide mainly services, such as defence, schools, roads and hospitals.
- 4. interest / When a financial institution changes the interest rate it charges (or pays) its customers, in response to a change in economic conditions.
- 7. / Money received during a certain period; mainly as wages or salary, interest, rent, dividends, social security.
- 8. / When the work of an individual or group (e.g. musician, novelist, scientist) is used by others, the creator of the work or owner of the royalties should receive a payment.
- 11. institutions / A business that handles money for people. It could hold money in a savings account or it may lend money out for a range of purposes. Types may include: banks, credit unions, finance companies, friendly societies.
- 12. interest / The interest rate is unchanged for the period agreed.
- 14. / An asset acquired for the purpose of producing or generating an income.
- 16. / The original amount that is borrowed or invested.
- 19. sacrifice / This is paying for some things before income tax is deducted from wages or salary.