Across
- 4. Interest / Interest that is earned not only on the principal but also on the interest already earned.
- 6. Deposit Insurance Corporation / A federal agency that guarantees depositors' savings up to $250,000 per account in most commercial banks, saving banks and saving associations.
- 8. Consumption / Purchasing goods or services with the intent of having them seen by others, usually in an effort to signal status or wealth.
- 11. Goal / Something a person or organization plans to achieve at least 5 years in the future.
- 12. and Loan / A type of financial institutions that specializes in but is not restricted to lending money to consumers for mortgages.
- 13. Statement / A monthly summary providing the status of a depositor's financial accounts.
- 14. / An original amount of money invested or lent.
- 15. Loan / A loan made to an individual or household for purposes of buying or paying for a consumer good.
- 17. / Money paid regularly, at a particular rate, for the use of borrowed money.
- 19. Goal / Something a person or organization plans to achieve within a one year time period.
- 22. Account / A financial account into which people deposit money and from which they withdraw money by writing checks.
Down
- 1. / A written order to a financial institution directing the bank to pay a stated amount of money, as instructed, from the customer's account.
- 2. / A machine that provides cash and performs banking services automatically when accessed by customers using plastic cards coded with personal identification numbers.
- 3. / An individual who provides investment services to other individuals, assisting in the buying and selling of stock, bonds and other investment instruments.
- 5. / Money put into a financial account.
- 7. Clearing House / An electronic network for financial transactions in the U.S.
- 8. of Deposit / A certificate issued by a bank to a person depositing money in an account for a specified period of time.
- 9. Account / An interest bearing account at a bank.
- 10. Account / An arrangement by which a bank holds funds on behalf of a depositor.
- 16. Bill Pay / A process that allows consumers to make regular bill payments from their banking accounts using electronic methods such as consumers and arranged drafts.
- 18. Value of Money / This is the value of a sum of money at a different period of time.
- 20. / The length of time money is borrowed or invested.
- 21. / A financial institution that provides various products and services to its customers, including checking and savings accounts, loans and currency exchange.
- 22. Union / A nonprofit financial institution owned by it's members; offers various financial services including accounts and loans; regulated by the National Credit Union Association (NCUA).