MICKAYLA

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Across
  1. 2. Sheet A summary of a company's assets, liabilities, and shareholders' equity.
  2. 5. The amount of money that has to be paid for an insurance policy.
  3. 6. The ability to borrow money and pay it back later.
  4. 8. Theft When someone steals another person’s identity to commit fraud, such as by using his or her name or Social Security number to get something. Identity theft is a crime.
  5. 10. Money that has to be paid to a government to provide public goods and services.
  6. 11. A financial institution and business that accepts deposits, makes loans, and handles other financial transactions.
  7. 13. A specific duty, task, or activity someone completes using his or her time, skills, and energy to earn money.
  8. 14. A health insurance program for people who are 65 or older, certain younger people with disabilities, and people with permanent kidney failure requiring dialysis or a transplant. This program is financed by deductions from wages and managed by the federal Social Security Administration.
  9. 17. Someone who is selected to administer an estate (for example, make sure that the instructions in the will are properly followed).
  10. 18. (Home Loan) A contract, signed by a borrower when a home loan is made, that gives the lender the right to take possession of the property if the borrower fails to pay off, or defaults on, the loan.
  11. 19. A process of raising money for a cause or purpose, often online, from multiple people.
  12. 21. A person who practices law; also known as an attorney.
  13. 23. People who expect a future financial return from using their money to finance investments.
  14. 24. The cost of goods and services.
  15. 25. The possibility that something unplanned or unintended may happen (such as losing money). Uncertainty about outcomes that are not equally desirable. In finance, it refers to the degree of uncertainty about the rate of return and the potential harm that could arise when financial returns are not what the investor expected.
  16. 28. Request to an insurance company for payment for a covered loss under an insurance policy.
  17. 29. Turnover Ratio A ratio showing how often a company's inventory is sold and replaced during a year or other period of time.
  18. 30. A form of financial aid, often based on financial need that does not need to be repaid (unless, for example, you withdraw from school and owe a refund).
  19. 32. The dollar amount or percentage of a loss that you have to pay before the insurance policy begins to pay.
  20. 34. An item with economic value, such as stock or real estate.
  21. 36. A legal arrangement in which one person holds or manages assets or other property for the benefit of another.Unsecured-Installment-Loan A loan that is not secured by an asset (collateral) that a lender could take if you do not repay the loan.
  22. 37. Something you wish to achieve or accomplish in a specific amount of time.
  23. 40. A contractual relationship that exists when one party (the Insurer), for a fee (the premium) agrees to reimburse another party (the Insured or third party on behalf of the Insured) for a specific loss.
  24. 41. A debt security, similar to an “IOU”. When you buy a bond, you are lending money to the issuer in exchange for the issuer’s promise to pay you a specified rate of interest and to repay the principal when it "matures," or comes due.
  25. 42. When fraudsters impersonate a business or government agency to try to get you to give them personal information, such as through an email or text message. Can also be thought of as “fishing for confidential information”.
  26. 43. Money that a bank or other financial institution pays you for keeping money on deposit with them, or the amount of money you pay a bank as a fee when you borrow money. You can earn interest from a bank (such as when you keep money in a saving account) or pay interest (such as when you borrow money).
  27. 48. Something that you would like to have but that you could live without, such as a TV or tickets to a baseball game.
  28. 49. Something you must have to survive, such as clothes, shelter, or food.
  29. 51. Plan Another name for a budget.
  30. 52. To put money at risk with the goal of making a profit (return) in the future.
  31. 54. A period of reduced economic activity.
  32. 55. A plan that outlines what money you expect to earn or receive (your income) and how you will save it or spend it (your expenses) for a given period of time; also called a spending plan.
  33. 56. Refers to your ability to repay a loan and other debts.
  34. 57. Giving money or time for the purpose of trying to make life better for others.
  35. 60. The difference between the value of a piece of property (such as a house) and any debts for it (such as the amount of a mortgage).
  36. 61. A rise in the general level of prices of goods and services in an economy over a period of time; the opposite is deflation.
  37. 62. An asset that secures a loan or other debt that a lender can take if you default (don’t repay) the money you borrow. For example: if you get a real estate mortgage, the bank's collateral is typically your house.
Down
  1. 1. Redirecting Internet requests to false Websites to collect personal information, which is generally then used to commit fraud and identity theft.
  2. 3. Money borrowed that has to be repaid, generally with interest.
  3. 4. The type of work a person pursues for the majority of their life that may involve formal education, special training, or be within a specific industry.
  4. 6. A creditor's measure of a consumer's past and future ability and willingness to repay debts. (See also Credit Report and Credit Score.)
  5. 7. Message Spam Similar to e-mail spam, but on your cell phone. Criminals often text offers of free gifts or low-cost credit offers to try to get you to click on a link so they can install malware on your phone or get you to give them information they can use to commit fraud.
  6. 9. Refers to the value of your assets and your net worth.
  7. 12. The total income produced by a given source.
  8. 15. The property of a person who has died.
  9. 16. An individual who establishes and operates his or her own business.
  10. 20. The approach of spreading your money among various investments with the hope that if one investment loses money, the others will make up for those losses; also referred to by the phrase "don't put all your eggs in one basket.
  11. 22. Contract between the insured and the insurer.
  12. 25. IRA An Individual Retirement Account that you deposit after tax dollars into for accumulation of retirement savings.
  13. 26. A Greek letter that reflects the ratio of the circumference of a circle to its diameter.
  14. 27. An investment that represents a share of ownership in a company.
  15. 31. Someone who is designated to receive certain benefits after the death of another individual.
  16. 33. Money that you receive from jobs, allowances, gifts, interest, dividends, and other sources.
  17. 35. Compensation for work paid on a regular basis (bi-weekly/monthly) typically expressed as an annual amount.
  18. 36. Value of Money The concept that a dollar today is not worth the same as a dollar in the future.
  19. 38. Money awarded to students based on academic or other achievements to help pay for education expenses. Scholarships generally do not have to be repaid.
  20. 39. An organization or person that lends money with the expectation that it is repaid.
  21. 40. Using money or time in a way that you expect will bring you a return or increase in value.
  22. 44. To set something, like money, aside to use in the future.
  23. 45. The amount of money originally invested or the money that is borrowed.
  24. 46. A contract transferring the use of property or occupancy of land, space, structures, or equipment in exchange for rent (generally money).
  25. 47. An amount that reduces the amount of income on which a person pays tax.
  26. 50. An amount owed to a person or organization for borrowed funds; responsibility to another for negligence that results in injury or damage.
  27. 53. The amount of money needed to live in or use someone else’s property, such as a home, condo, or apartment.
  28. 58. The money gained or left over after money spent (expense) is subtracted from money earned (income).
  29. 59. A legal document in which a person conveys information such as how they want their money and assets to be distributed after their death and who should be the guardian of their children.