Across
- 3. the act of putting money into your bank account
- 5. when a business pays you interest or a share of its profits.
- 11. the costs related to running a business.
- 12. the act of taking money out of your bank account
- 14. a nonessential item; something that is desired, usually expensive and/or hard to get but not essential to sustain life
- 16. Borrowed money from a bank - must be paid back with interest.
- 19. an individual, bank, or company that loans money
- 20. buying shares in a company. Makes the investor a part of the company.
- 22. in the U.S. people 65 or older who no longer work for their income. Whether or not a person is able to retire depends on how well they saved while they worked.
- 23. setting aside a small amount of money every week/paycheck. Saving allows someone to purchase something without credit (and more debt) later.
- 25. a way that investors lend money to businesses. Businesses pay them back later with interest.
- 27. interest paid or to be paid both on the principal and on accumulated unpaid interest.
- 29. a bank account on which interest is paid, traditionally one for which a bankbook is used to record deposits, withdrawals, and interest payments.
Down
- 1. a plan for how much money will be spent on each type of item that a person must buy.
- 2. a way that investors lend money to businesses. Businesses pay them back later with interest.
- 4. coins or bills generally accepted as with certain values that Americans use to trade for a good or service.
- 6. the lowest wage permitted by law, (U.S. = $7.25/hour)
- 7. terms for one’s work related financial earnings
- 8. the amount a lender charges a borrower and is a percentage of the principal—the amount loaned.
- 9. when you give money in return for a good or service.
- 10. made up of many companies. A safer investment because, if one company does poorly, investors still make money from the profits of those that are doing well.
- 13. money that an individual has on-hand and can readily and easily be spent
- 15. something owed to another: a thing or amount due.
- 17. putting money into a bank account, stock, bond, or mutual fund that pays interest.
- 18. money that comes from getting paid for doing work
- 21. a score based on your history as a borrower.
- 24. a fee lenders add to the total amount a borrower loaned from them. This is how they make money
- 26. when a person gives money in return for a good or service.
- 28. buying shares in a company. Makes the investor a part of the company.