Across
- 3. of Deposit (CD) a type of savings account offered by banks and credit unions
- 5. a plan for saving and spending
- 6. missed payment or multiple missed payments on money that you've borrowed
- 8. anything that has current or future economic value to a business
- 10. shopping comparing similar products from different stores or suppliers
- 13. fund cash reserve that's specifically set aside for unplanned expenses or financial emergencies
- 16. the amount owed by the borrower to the lender
- 17. practice of manufacturing a variety of products, investing in a variety of securities, selling a variety of merchandise, etc., so that a failure in or an economic slump affecting one of them will not be disastrous
- 19. value of money the concept that money today is worth more than money tomorrow
- 22. price you pay to borrow money or the return earned on an investment
- 23. a legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations
- 24. the cost you pay each year to borrow money, including fees, expressed as a percentage.
Down
- 1. score prediction of your credit behavior, such as how likely you are to pay a loan back on time, based on information from your credit reports
- 2. card payment card that deducts money directly from your checking account
- 4. measure of how likely you will default on your debt obligations according to a lender's assessment, or how worthy you are to receive new credit
- 7. money someone or a company borrows from banks for planned or unplanned events
- 9. money that a person or entity receives in exchange for their labor or products
- 10. report statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts
- 11. yourself first money set aside before paying anything else
- 12. Union nonprofit financial institution that accepts deposits, make loans, and provides a wide array of other financial services and products
- 14. the ability to borrow money with the promise that you'll repay it in the future, often with interest
- 15. Broker person who buy and sell stocks and other securities for retail and institutional clients by a stock exchange or over the counter, in return for a fee or a commission
- 18. vs want stuff you need vs something you want
- 20. a way to manage your risk
- 21. money that you originally agreed to pay back