VOCAB

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Across
  1. 3. Provide specific types of loans, such as auto or personal loans.
  2. 5. Money borrowed that must be repaid with interest over time.
  3. 8. Institutions Businesses that manage money, offer loans, and provide financial services.
  4. 11. A financial arrangement where money or property is held by a third party until a deal is completed.
  5. 12. A legal document that lets you transfer assets to a trust while you’re alive, avoiding probate after death.
  6. 15. Member-owned institutions with lower loan rates. Investment Firms Help people buy stocks and invest.
  7. 17. The process of paying off a loan over time with regular payments that cover both principal and interest.
  8. 19. A loan used to buy property or a home.
  9. 22. An interest rate that stays the same for the entire loan or investment period.
  10. 23. A type of savings account or fund that earns higher interest but may limit withdrawals.
  11. 24. Digital or virtual money that uses encryption and operates independently of banks.
  12. 28. Offers short-term, high-interest loans.
  13. 30. The person who receives money or property from a will, trust, or insurance policy.
  14. 31. Money you owe to someone else.
  15. 32. A bank account that earns interest and is used to save money for future goals.
  16. 33. An interest rate that can change based on the market or index.
  17. 34. Money taken directly from your checking account when you make a purchase.
  18. 35. Official money that must be accepted for payment of debts.
  19. 37. Any cost or payment you make for goods or services.
Down
  1. 1. A bank account for everyday transactions, like paying bills or using a debit card.
  2. 2. Firms Provide financial planning or wealth management.
  3. 4. Anything you own that has value.
  4. 6. A card that lets you borrow money up to a limit and pay it back later, usually with interest.
  5. 7. Things that make life enjoyable but aren’t essential.
  6. 9. A regular payment made toward a loan or purchase.
  7. 10. Equity The part of your home you truly own (home value minus what you owe on your mortgage).
  8. 13. A legal document stating how your property will be distributed after your death.
  9. 14. A plan for how to spend and save your money over a certain period.
  10. 16. A contract that protects you from financial loss by paying premiums to a company.
  11. 18. Essential services you pay for each month, like electricity, water, gas, and internet.
  12. 20. Something of value you promise to give up if you don’t repay a loan.
  13. 21. Offer checking, savings, and loans.
  14. 25. Borrowed money that you must pay back, often with interest.
  15. 26. A person or business that lends money in exchange for valuable items as collateral.
  16. 27. A number that shows how likely you are to repay loans, based on your credit history.
  17. 29. The upfront money paid when buying something expensive, like a house or car.
  18. 36. Things necessary for survival or daily life.