Money and Credit Management Terms

3. Money that needs to be repaid by the borrower, generally with interest.
6. This occurs when you don’t have enough money in your account to cover a transaction, but the bank pays the transaction anyway.
9. The insured’s request for payment due to loss incurred and covered under the policy agreement.
10. A small metal disc that we use as money.
11. To do something helpful for other people without getting paid to do it.
13. Borrowing money, or having the right to borrow money, to buy something.
14. A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
15. A firm that creates money in the form of bank deposits in the process of supplying credit.

1. Money that is made in a business after all the costs and expenses are paid.
2. A type of financial asset for which the issuer promises to pay a given amount over time to the holder.
4. An amount of money someone earns for selling something.
5. Money you owe another person or a business.
7. A quantity measured per unit of time, such as annual income or hourly wage.
8. The amount of profit, interest, rent, labour earnings, and other payments
12. Required payments of money to governments, which use the funds to provide public goods and services for the benefit of the community as a whole.