Personal Finance

2. A government organisations that allows the public to buy premium bonds and gilts as a way of funding national debt.
3. An identical amount goes from your account on the same day each month.
5. A function of money. It is a legally accepted form of payment.
7. A function of money that allows a price on goods and services.
10. A type of borrowing that allows you to get and use an item immediately but pay for it in regular instalments you do not own it until the last payment is made.
12. A function of money that allows us to save now and spend at a later date.
15. The amount of money paid by a customer to get an insurance policy.
17. A short term source of finance borrowed until the next time the borrower is paid.
18. A type of payment card where money is transferred directly from your account to the account being paid.
22. Protection against the risk of loss
24. A score that indicates how likely you are t repay your debts.
25. A financial institution set up for the benefit of its members who own it. Members are those people who save or borrow with them.
26. A legal status indicating an inability to repay debts.
27. A type of long-term loan used to purchase property

1. UK’s Central Bank, responsible for maintaining financial stability in the UK by issuing legal tender, setting interest rates and controlling national debt by buying government bonds.
3. You are this when you have the ability to pay debts when they are due.
4. A method of payment similar to a credit card but the balance must be paid off in full each month.
6. the cost of borrowing or reward for saving money
8. A method of payment that can be lost, stolen, has the threat of counterfeit and can’t be used online.
9. A type of monthly lottery run by NS&I where investors can potentially win tax free prizes.
11. A type of bank account that you may have to pay for but comes with additional perks, e.g. travel insurance.
13. A function of money that allows us to trade.
14. A short-term source of finance used to bridge the gap between now and next receiving a wage.
16. A type of credit card that can only be used in on place, e.g. a particular shop.
19. A changeable amount goes from your account to pay bills.
20. Not for profit organisations who handle transactions and stores money. Often set up to help or support a community or workers in a particular industry.
21. The amount you have to pay towards any insurance claim, e.g. repairs to a car after an accident.
23. A type of bank account or those with a poor credit rating.