Across
- 3. Widely used benchmark interest rate that lenders use to set the interest rate on loans and credit cards
- 6. Dollar value that is returned to an insurance policyholder if the policy is cancelled
- 7. Insurance policy or an investment that pays out a fixed amount
- 9. Percentage gain or loss on an investment expressed as a yearly rate.
- 10. Debt to be paid at regular times over a specified period
- 12. The fixed amount a lender adds to the base rate of an adjustable-rate mortgage to set the loan rate
- 13. Credit bureau risk scores produced from models developed by Fair Isaac Corporation
- 15. The process of estimating fair market value of an asset
- 16. A process that starts with creating a plan to record all cash inflows and outflows
- 18. The amount of income left after all deductions and taxes
- 19. An increase in the value of a capital asset that you own
- 20. The final stage of the loan process
- 22. The beneficiary of an estate
Down
- 1. Gradual reduction of loan principal
- 2. Amount to which your investment grows in the future
- 4. Another name for the gift-tax exemption
- 5. An amount that you pay on your mortgage or other loan that constitutes an additional, unscheduled payment
- 7. The increase in the value of an asset, measured in dollars or as a percentage
- 8. An asset that is used to secure the repayment of a loan
- 11. Legal claim held by a creditor against an asset to guarantee or secure repayment of the debt
- 14. A record of how a consumer has repaid credit obligations in the past
- 17. Failure to make a loan or debt payment when due
- 21. Assets that belong to you