Across
- 5. the total amount of money outstanding on a loan.
- 6. A required portion of the purchase price paid at the time of purchase.
- 7. Combining several small accounts into one larger account that you may be able to finance at a lower rate at a bank or with another lender.
- 9. a formal report to the IRS that contains all the information relative to a
- 10. Assets that have been pledged against loan repayment.
- 13. Ensures that workers can continue their health insurance coverage even if they switch jobs.
- 16. A period of very high birth rates after World War II that occurred between 1946 and 1964.
- 17. provides health care coverage to older or disabled Americans.
- 18. a taxable gain that occurs when you sell an asset for more than you paid for it.
- 20. The study of human populations.
- 24. a branch of the U.S. Treasury Department that carries out the federal tax system. Often referred to as the IRS.
- 26. The Free Application for Federal Student Aid is a six-page form that requires detailed financial information from you and your parents.
- 27. allows consumers to borrow up to some preset maximum amount. An example would be a credit card.
- 29. the amount of money a person takes home after taxes and deductions. Also referred to as take home pay.
- 33. The world in which economies of all countries interact and depend on each other.
- 37. The interest rate remains the same for the life of the loan.
- 39. Insurance plans that cover a large group of individuals, such as all the employees of a company or local government.
- 40. Organizations that collect credit information about individual consumers.
- 43. Someone other than the borrower who agrees to sign the loan document and repay the loan if the original borrower stops making payments.
- 48. A period in which the economy is shrinking.
- 49. provides payments to eligible retirees and disabled people.
- 54. the difference between the home’s value and the amount owed to a lender.
- 55. Summarizes a person’s credit history, including applications for credit of any kind, payment record for bills, whether you have paid late fees, and any other public information.
- 56. Total income minus allowable amounts such as retirement contributions, alimony, student loan interest, and other expenses allowed by IRS. Abbreviated as AGI.
- 57. Allows a homeowner to borrow against the equity in her or her home.
- 59. a financial product that provides payment for medical services when people suffer a financial loss because of illness or injury
- 62. A lender provides cash advances at a high cost to customers in exchange for one of their checks dated for some time in the future.
- 64. fees charged by a lender on borrowed money.
- 65. Focuses on the study of individual choices or decisions made by smaller units, such as a firm.
- 66. Money collected by a government from its citizens for the purpose of operating the government.
- 67. When a potential creditor accesses your credit report to examine your credit history and determine your ability to repay.
- 71. Upfront money from the buyer that is sued to pay for a portion of the house.
- 72. Alternating periods of shrinking & growth, or contraction & expansion, in the economy.
- 74. Financial institutions, such as banks, that agree to make a certain amount of credit available.
- 75. federal and state taxes withheld from a person’s paycheck and sent directly to the government by the employer.
- 76. The total dollar amount of all final goods and services purchased within the nation’s borders in each year.
- 77. The share of costs for covered insurance services that the insured person is required to pay out of her or her pocket.
- 78. The formal measure of inflation that tells whether things overall are more expensive now than in the past.
- 79. a person’s record of using credit.
Down
- 1. Amount taken home after taxes and deductions. Also referred to as net pay.
- 2. Allows you to continue health insurance coverage for up to 18 months after your employment ends.
- 3. This rate may go up or down over time. Abbreviated as ARM.
- 4. credit extended for a short term, such as 30 days or less.
- 8. Used for specific purchases but allows the borrower more time to repay the money.
- 11. An agreement to allow borrowing as needed up to a certain amount of money.
- 12. Total amount of a person’s income from almost any source.
- 14. Higher interest rate mortgage loans made to people with poor credit scores.
- 15. money a lender makes available to a borrower with the understanding that the borrower will repay the money in the future.
- 19. A sustained increase in the general level of prices.
- 21. The amount of money a policyholder pays prior to the insurance company’s payment.
- 22. A loan that has some asset pledged against the loan so that the lender is assured of ending up with some valuable asset if the borrower fails to pay off the loan.
- 23. Additional insurance coverage to cover things such as jewelry or valuable heirlooms that are often not fully covered by a typical insurance policy.
- 25. The person who buys a health insurance policy or subscribes to it through an employer.
- 28. An insurance pan that pays a specific person or persons when the policyholder dies.
- 30. Regular payments paid to an insurance company in return for insurance coverage.
- 31. A time allowed by credit card companies in which you are not charged interest on purchases.
- 32. The study of choices.
- 34. a process in which the courts provide protection for a person who is unable to pay off his or her debts.
- 35. deals with broad issues that impact the economy as a whole.
- 36. An asset pledged as security for repayment of a loan.
- 38. Covers you against any damage you do to other people or their property.
- 41. The system in which individuals, businesses, governments, and the world as a whole interact.
- 42. Loans that have no collateral pledged against the loan.
- 44. Credit card feature that allows people to exceed their credit limit.
- 45. A long-term rental agreement.
- 46. A type of credit typically started at the time of purchase for a specific asset.
- 47. A severe recession.
- 50. a financial product that, when purchased, provides reimbursement paid to a person in the event of certain types of financial loss.
- 51. income taxes for a specific year.
- 52. The rate that factors in all the financing costs so that borrowers know exactly what they are paying and can make informed decisions. Abbreviated as APR.
- 53. Health conditions that existed before one’s insurance policy was granted.
- 58. The date at which the loan will be completely repaid.
- 60. When someone uses your personal information without your permission for personal gain.
- 61. provides individuals with revolving open-end credit, which can be drawn from repeatedly up to some preset limit.
- 63. the total amount of money earned before deductions.
- 68. a numeric score that uses your credit history to assess your creditworthiness.
- 69. A business that holds an item as collateral in exchange for a short-term loan.
- 70. An extremely low interest rate for a short period of time used as a deal sweetener.
- 73. Type of loan taken out to obtain a home.