Across
- 3. the recipient of money or property as a result of a transaction or event
- 5. any money spent to get something or the cost of something
- 6. are organizations that act as middlemen for money matters
- 8. a resource that an individual, company, or country owns or controls with the expectation that it will provide a future economic benefit
- 9. a legal arrangement for managing and transferring your assets with the primary goal of saving your heirs time, hassle, and money
- 11. a desire for a good or service that is not necessary for survival
- 12. a loan used to buy a home or other real estate, where the property itself serves as collateral
- 16. the official national currency (coins and paper money) that, by law, must be accepted for the settlement of any financial debt or obligation
- 18. an expense, or money paid out from an account, that results in the increase of an asset or a decrease in a liability or owners equity
- 19. asset a borrower pledges to a lender as security for a loan
- 20. something essential for survival
- 25. a lender who provides short-term loans using a borrower's personal property as collateral
- 26. a mechanism for managing and transferring risk
- 29. a number that tells lenders how likely you are to repay borrowed money
- 31. an interest rate on a loan or investment that fluctuates over time
- 32. the process of spreading out a large cost over a period of time through regular payments
- 33. the amount of satisfaction that you will get from the consumption of a product or service
- 35. provides short-term, high-cost loans, typically due on the borrower's next payday
- 36. the portion of your home's current market value that you own outright, free of any debt
Down
- 1. an initial, upfront cash payment a buyer makes when purchasing an expensive item
- 2. a type of bank deposit account that allows individuals to store money securely and earn a return over time
- 4. a market for borrowing and lending very short-term funds, typically for one year or less
- 7. a financial obligation where one party (the borrower) owes a sum of money to another party (the lender) with the requirement of future interest and principal payments
- 10. financing options that allow consumers to pay for high-value goods or services in small, manageable, regular payments over a set period
- 12. financial companies that take money from individuals or other organizations (like pension funds) and invest it on their behalf
- 13. a business that takes in money from some customers (depositors) and lends that money to other customers (borrowers) to make a profit
- 14. an interest rate or exchange rate that remains constant and does not fluctuate with market conditions
- 15. a bank account into which you deposit funds that you can then use to pay bills, make purchases and carry out other tasks
- 17. a process where a neutral third party holds funds or assets for a transaction until certain conditions are met by the involved parties
- 21. a not-for-profit financial cooperative that is owned by its members
- 22. an agreement where one party (the lender) gives a sum of money or property to another party (the borrower) with the understanding that the borrower will pay it back later
- 23. a business that pools money from many different investors and uses that combined capital to buy a range of financial assets
- 24. a simple, understandable plan for managing money to achieve financial goals
- 27. type of digital currency that allows people to make payments directly to each other through an online system
- 28. a payment tool that lets you borrow money from a financial institution to make purchases, which you must pay back later
- 30. a legal document that specifies how you want your assets to be distributed and your affairs handled after you die
- 34. an agreement to receive money, goods, or services now with the promise to pay later