Financial Terminology

2. A means of purchasing without paying immediately.
4. To make the best of your debt.
5. Type of banking account or non-cash payment document
8. This is used as a method of payment or a non-cash method.
10. Interest paid on both the principal debt and the accrued debt (payment of interest on interest).
14. You receive one of these to make your buying more convenient and pay your account later, when you apply for credit at a retail store.
17. The usual way of calculating charges as a percentage of the sum borrowed.
18. None of this is charged over a set period of time while paying off a principal debt on an account or HP
19. A person that purchases goods from a store.

1. This is what you do when you put all your debts into one loan.
3. A weekly payment made to a landlord for accommodation.
6. A system of payment in regular instalment for an item or items bought.
7. This means that a consumer has failed to meet his:her financial obligation.
9. Earning more of this will increase your spending.
11. This is what we look at when we want to purchase a hourse.
12. Sums of money that are laid away for a goal.
13. The part of your income that is left over after deducting personal tax.
15. This is the term used for the instalment amount of money you pay to your insurance company.
16. Interest rates are measured in this proportion.