Across
- 4. Money that is owed in return for a loan/purchase
- 6. A plan for income and expenses during a set period of time
- 10. A percentage of both the principal and previously accrued interest that is added to the total amount owed on a loan
- 13. Property owned by a person that has value and could be used to pay off debt
- 14. The monetary fees given to an individual if they perform an early withdrawal from a locked or time-specific account, such as a 401k, 403b, or IRA account
- 15. An employer-sponsored account where employees can save money from each paycheck to be used in retirement
- 18. An individual retirement account where you can make after-tax contributions; withdraws made after age 59.5 are tax and penalty free
- 19. Money that is expended with the expectation of earning profit in return
- 22. An increase in monetary value
- 24. The total amount of money held by an individual or company, including both assets and debts
- 25. A tax-advantaged retirement plan with an employer contribution
Down
- 1. A retirement plan for the benefit of employees of public schools, some hospitals, and certain tax-exempt organizations
- 2. A numerical value based on analysis of a credit record, describing a person's likelihood of paying back loans; ranges from 300-850
- 3. 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
- 4. Money that is paid quarterly to shareholders of a company from the profits the company earns
- 5. The pay for work completed in a set period of time
- 7. Debt that does not increase your net worth or help you earn more money
- 8. The extent to which a person or company is considered suitable to receive a loan, based on their reliability in paying back money in the past
- 9. Money paid at a regular rate in exchange for money lent
- 11. Small amounts of money borrowed from credit card lenders at a very high interest rate
- 12. A retirement account with tax advantages where money can be saved and invested in for the long term
- 16. The original amount of money lent in a loan that does not include interest
- 17. The initial payment at the point of purchase of a large item like a car or house; a bigger payment can reduce the amount you must pay monthly
- 20. All of the money that an individual receives or earns in a set period of time
- 21. 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
- 23. Money expended that can increase your net worth and help you earn more money