Vocab Fin Lit

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Across
  1. 2. failure to fulfill an obligation, especially to repay a loan or appear in a court of law.
  2. 4. the consumption and saving opportunity gained by an entity within a specified timeframe,
  3. 11. a sum of money is worth more now than the same sum will be at a future date due to its earnings
  4. 13. a sum of money lent or invested, on which interest is paid.
  5. 15. fund money you set aside for life's unexpected expenses, like car repairs, hospital visits and even job loss
  6. 16. things you own that you can sell or money
  7. 18. a statement that has information about your credit activity and current credit
  8. 19. a numerical expression based on a level analysis of a person's credit files
  9. 20. of protection from financial loss
  10. 22. the transfer of money by one party to another with an agreement to pay it back
  11. 24. something that is necessary to live and function or something that can improve your quality of life
Down
  1. 1. the practice of comparing the price of products or services from different vendors before buying.
  2. 3. a time deposit sold by banks, thrift institutions, and credit unions in the United States.
  3. 5. set aside money for savings before paying bills and making other purchases
  4. 6. a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
  5. 7. a financial plan for a defined period
  6. 8. the trust which allows one party to provide money or resources to another party
  7. 9. the process of allocating capital in a way that reduces the exposure to any one particular asset or risk
  8. 10. an individual or company that buys and sells stocks and other investments for a financial market
  9. 12. a legal process through which people or other entities who cannot repay debts
  10. 14. the amount owed by the borrower to the lender
  11. 16. the cost you pay each year to borrow money
  12. 17. how likely a potential borrower is to pay back a line of credit
  13. 21. member-owned nonprofit cooperative financial institution.
  14. 23. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.