Unit 3 & 4 Test Review

5. Payments made by a corporation to shareholders from profits.
8. Income Income left after taxes and deductions; also called take-home pay.
10. History A record of whether a borrower has paid bills or loans on time.
13. Fixed regular payment for work, usually paid monthly or annually.
14. Credit that can be used repeatedly up to a limit, like a credit card.
16. Profit earned from selling an asset for more than its purchase price.
18. The original amount of money borrowed or invested, not including interest.
19. Money earned by an employee based on hours worked.
20. Score A numerical rating of a person’s creditworthiness based on their credit history.

1. The stage of life when a person stops working full-time and lives off savings, investments, or pensions.
2. A student loan issued by banks or private lenders, usually requiring credit checks and sometimes higher or variable interest rates
3. Financial aid awarded to students based on merit, talent, or specific criteria that does not need to be repaid.
4. A student loan issued by the U.S. government with fixed interest rates and borrower protections.
6. The cost of borrowing money or the earnings on money saved or invested.
7. Credit paid back in regular, fixed payments, like a car loan or mortgage.
9. Money given for education or other purposes that does not need to be repaid.
11. The ability to borrow money or access goods and services now with the promise to repay later.
12. Income Total income earned before taxes and deductions.
15. Money borrowed that must be repaid, usually with interest.
17. Income The portion of income subject to income tax after exemptions and deductions.