Financial Literature vocab

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Across
  1. 3. a contract, represented by a policy, in which a policyholder receives financial protection or reimbursement against losses
  2. 5. the spreading of your investments both among and within different asset classes
  3. 10. shopping comparing the price of products or services from different vendors before buying
  4. 12. the yearly interest and fees paid on debt.
  5. 13. a prediction of your credit behavior, such as how likely you are to pay a loan back on time, based on information from your credit reports
  6. 17. a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
  7. 18. Broker a broker who buys and sells securities on a stock exchange on behalf of clients.
  8. 19. failure to fulfill an obligation, especially to repay a loan or appear in a court of law.
  9. 22. a sum of money is worth more now than the same sum of money in the future.
  10. 23. something owed
  11. 25. a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
Down
  1. 1. denoting an original sum invested or lent.
  2. 2. the extent to which a person or company is considered suitable to receive financial credit,
  3. 4. a legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations
  4. 6. a type of savings account offered by banks and credit unions.
  5. 7. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
  6. 8. a source of ready cash in case of an unplanned expense, an illness, or the loss of a job
  7. 9. any resource owned or controlled by a business or an economic entity.
  8. 11. a statement that has information about your credit activity and current credit situation
  9. 14. money received, especially on a regular basis, for work or through investments.
  10. 15. a spending plan based on income and expenses.
  11. 16. set aside money for savings before paying bills and making other purchases.
  12. 20. a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
  13. 21. A need is something that is necessary to live and function. A want is something that can improve your quality of life.
  14. 24. the ability to borrow money with the promise that you'll repay it in the future, often with interest