Across
- 2. how quickly you can access the money in an account or the value of an asset without a penalty or fee
- 10. also known as internet banking; all transactions done online; no physical location
- 12. people who don‘t have bank accounts
- 13. the granting of a loan and the creation of debt; any form of deferred payment
- 15. money owed to another person or company
- 16. the dollar value of a person’s liabilities is larger than the value of their assets
- 17. for-profit financial institutions that accept deposits and offer a variety of deposit accounts and financial services
- 18. the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities
- 19. a financial institution licensed to receive deposits and provide financial services
- 20. an expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings
Down
- 1. option to allow automatic electronic deposit of your payroll checks
- 3. nonprofit financial institutions that are owned and operated by their members; offer deposit accounts and lending services similar to a retail bank but at a lower cost
- 4. what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
- 5. a penalty charged if the account holder spends more than their account balance, causing the available balance to go below zero
- 6. person or entity that charges borrowers interest rates above an established legal rate
- 7. the percentage of principal charged by the lender for use of its money
- 8. an option offered by banks to cover overspending an account and then charge a fee for it
- 9. the dollar value of a person’s assets is greater than the dollar value of their liabilities
- 11. all the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time
- 14. a person or organization that uses a product or service