Across
- 4. The extent to which a person or company is considered suitable to receive a loan, based on their reliability in paying the money back in the past.
- 5. A small loan with a very high interest rate lent with the expectation that the borrower will repay the full amount of the loan with their next paycheck.
- 8. A loan for a house where the interest rate stays the same throughout the entire term of the loan.
- 9. The monetary fees given to an individual if they perform an early withdrawal from a locked or time-specific account, such as 401(k), 403(b), or IRA account.
- 10. Tax paid to the Internal Revenue Service based on income from employment or business activity,
- 14. A numerical value based on analysis of a credit record, describing a person's likelihood of paying back loans: credit scores range from 300-850.
- 16. The initial payment at the point of purchase of a large item like a car or house: a bigger down payment can reduce the amount you must pay monthly.
- 18. An employer-sponsored account where employees can save money from each paycheck to be used in retirement.
- 20. The total amount of money held by an individual or company, including both assets and debts
- 21. A plan for income and expenses during a set period of time.
- 22. A percentage of both the principal(original loan amount) and previously accrued interest that is added to the total amount owed on a loan.
- 23. All of the money that an individual receives or earns in a set
- 25. Money that is expended with the expectation.
- 26. When the value of your investment grows based not only on the original amount of money invested but also on the profits that investment created.
- 27. The original amount of money lent in a loan that does not include interest.
Down
- 1. An investment strategy that divides up the amount of money being invested and purchases small quantities of assets over time.
- 2. Property owned by a person that has value and could be used to pay off debt.
- 3. Small amounts of money borrowed from credit card lenders at a very high interest rate.
- 6. Debt that does not increase your net worth or help you earn more money.
- 7. An individual retirement account where you can make after-tax contributions: withdraws made after age 59 1/2 are tax and penalty-free.
- 11. An increase in monetary value
- 12. Money that is owned in return for a loan or a purchase.
- 13. Money paid at a regular rate in exchange for money lent.
- 15. A retirement account with tax advantages where money can be saved and invested in for the long term.
- 17. A retirement plan for the benefit of employees of public schools, some hospitals, and certain tax-exempt organizations.
- 19. A tax-advantaged retirement plan with an employer contribution.
- 24. Money that is paid quarterly to shareholders of a company from the profits of the company. Earns.