Across
- 3. The granting of a loan and the creation of debt; any form of deferred payment
- 4. A debt evidenced by a "note," which specifies the principal amount, interest rate, and date of repayment
- 6. finance: All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.
- 8. A fee paid by a borrower to the lender for the use of borrowed money; typically interest is calculated as a percentage of the principal (original loan amount)
Down
- 1. An obligation of repayment owed by one party (the debtor/borrower) to a second party (the creditor/lender); in most cases this includes repayment of the original loan amount plus interest
- 2. literacy: The knowledge and skillset necessary to be an informed consumer and manage finances effectively
- 5. A person or organization that uses a product or service
- 7. A system by which goods and services are produced and distributed