Personal Literacy

3. Items with economic value that an individual owns, such as cash, stocks, or property.
6. A contract (policy) that provides financial protection against potential loss.
10. The amount you pay out-of-pocket for expenses before insurance coverage kicks in.
13. A three-digit number representing how likely a borrower is to repay a debt.
16. A debt or financial obligation that is owed to someone else.
17. (Annual Percentage Rate)
18. The total value of a person’s assets minus their total liabilities.
20. Money set aside for future use or to meet long-term goals.
22. Interest calculated on the initial principal and also on the accumulated interest of previous periods.
23. The original amount of money borrowed on a loan or put into an investment.
24. Money set aside specifically for unexpected expenses or urgent financial needs.

1. The cost of goods or services; money spent to meet current consumption.
2. A grouping of financial assets such as stocks, bonds, and cash equivalents.
4. A legal state for individuals unable to pay outstanding debts.
5. A plan that outlines expected income and expenses over a specific period.
6. Money received, especially on a regular basis, for work or through investments.
7. An arrangement to receive cash, goods, or services now and pay for them in the future.
8. The general increase in prices and fall in the purchasing value of money.
9. The ease with which an asset can be converted into cash without affecting its price.
11. Using money to purchase assets with the expectation of earning a financial return.
12. A fee charged by a lender for the use of borrowed money, or paid to a saver.
14. Spreading investments across different asset classes to minimize risk.
15. The net amount of cash and cash equivalents being transferred into and out of an account.
19. The value of ownership in an asset, calculated as total assets minus liabilities.
21. The amount paid to an insurance company for a policy.