Across
- 2. a loan made to the U.S. government, with the buyer receiving a fixed rate of interest in exchange. When the bond matures, the government pays back the original amount of the loan, plus interest
- 3. insurance that pays out a sum of money either on the death of the insured person or after a set period
- 8. an investment program funded by shareholders that trades in diversified holdings and is professionally managed.
- 11. Plastic card with a magnetic strip that allows seller to verify funds from a loan
- 17. a type of insurance that protects your physical assets from damage or loss due to certain perils. It can cover homes, businesses, and personal belongings, and can help you replace or recover the value of your assets if they are damaged or stolen.
- 18. a set of legal strategies and planning techniques that protect assets from creditors, lawsuits, taxes, and other legal judgments.
- 19. a loan where the interest rate fluctuates based on market interest rates, and the monthly payments change accordingly
- 21. a legal concept that refers to a situation where multiple parties are responsible for a debt, claim, or judgment.
- 23. a company that lends customers small amounts of money at high interest rates, on the agreement that the loan will be repaid when the borrower receives their next paycheck.
- 24. a retirement savings plan that allows employees to contribute a portion of their wages to an individual account
- 27. a number that estimates how likely you are to pay back a loan or make credit card payments on time.
- 29. when the tax burden increased with income
- 30. a contract with an insurance company where you pay a premium in exchange for them covering a portion or all of your medical expenses, essentially protecting you from high healthcare costs in case of illness or injury; it can include coverage for doctor visits, hospital stays, medications, and certain preventive care services
- 32. tax system that requires the same percentage of income from all taxpayers, regardless of their income.
Down
- 1. an annual or semiannual charge levied by a local government and paid by the owners of real estate within its jurisdiction.
- 4. a loan with an interest rate that remains the same for the entire term of the loan.
- 5. interest that applies not only to the initial principal of an investment or a loan, but also to the accumulated interest from previous periods. In other words, compound interest involves earning, or owing, interest on your interest.
- 6. a bank account that earns interest.
- 7. the yearly cost of borrowing money, expressed as a percentage of the loan amount.
- 9. a type of insurance that replaces a portion of a person's income if they are unable to work due to a disability or illness.
- 10. a specified amount of money that the insured must pay before an insurance company will pay a claim
- 12. a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
- 13. digitial currency
- 14. low-income owners pay a larger percentage of income than middle- and high-income earners.
- 15. Plastic card with magnetic strip that allows seller to verify funds in a bank account and requires a pin number
- 16. a certificate issued by a bank to a person depositing money for a specified length of time.
- 20. a financial institution that acts as an intermediary between depositors and borrowers.
- 21. the capital raised by a business or corporation through the issue and subscription of shares.
- 22. Plastic card with a magnetic strip that allows seller to access funds directly form card that ahs a set amount of money on it.
- 25. type of individual retirement account (IRA) that allows you to save for retirement with after-tax dollars
- 26. Payment is made with legal bills and coins
- 28. the amount of money paid to an insurance company in exchange for coverage
- 31. a type of secured loan that uses the title to your vehicle as collateral.