Across
- 2. a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
- 4. It is a finance charge expressed as an annual
- 5. An emergency fund is a source of ready cash in case of an unplanned expense, an illness, or the loss of a job
- 7. a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
- 10. A certificate of deposit is a time deposit sold by banks, thrift institutions, and credit unions in the United States.
- 14. Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.
- 18. In financial accounting, an asset is any resource owned or controlled by a business or an economic entity.
- 20. money received, especially on a regular basis, for work or through investments.
- 21. the process of a business enlarging or varying its range of products or field of operation.
- 22. A need is something that is necessary to live and function. A want is something that can improve your quality of life.
- 23. A credit history is a record of a borrower's responsible repayment of debts.
- 24. In finance, default is failure to meet the legal obligations of a loan, for example when a home buyer fails to make a mortgage payment
Down
- 1. a broker who buys and sells securities on a stock exchange on behalf of clients.
- 3. the practice of comparing the price of products or services from different vendors before buying.
- 6. something, typically money, that is owed or due.
- 8. a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
- 9. A budget is a calculation plan, usually but not always financial, for a defined period, often one year or a month.
- 10. the extent to which a person or company is considered suitable to receive financial credit, often based on their reliability in paying money back in the past.
- 11. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
- 12. The time value of money is the widely accepted conjecture that there is greater benefit to receiving a sum of money now rather than an identical sum later
- 13. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
- 15. set aside money for savings before paying bills and making other purchases.
- 16. first in order of importance; main.
- 17. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
- 19. score a numerical rating representing the perceived ability of a person or organization to fulfill their financial commitments, based on an analysis of their credit history and current financial circumstances.