YARETZI RAMIREZ FIN LIT VOCAB AND CROSSWORD PUZZLE

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Across
  1. 3. a spending plan based on income and expenses.
  2. 6. the concept that money is worth more in the present than in the future due to its potential earning capacity, or alternatively, to inflation.
  3. 10. a certificate issued by a bank to a person depositing money for a specified length of time.
  4. 12. a lender's willingness to trust you to pay your debts.
  5. 13. the failure to make required interest or principal repayments on a debt.
  6. 15. the yearly interest and fees paid on debt.
  7. 18. the practice of comparing the price of products or services from different vendors before buying.
  8. 19. a broker who buys and sells securities on a stock exchange on behalf of clients.
  9. 20. when money is given to another party in exchange for repayment of the loan principal amount plus interest.
  10. 24. the amount of money a lender or financial institution receives for lending out money.
  11. 25. a financial safety net for future mishaps and/or unexpected expenses.
Down
  1. 1. a statement that has information about your credit activity and current credit.
  2. 2. the yearly interest and fees paid on debt.
  3. 4. the ability to borrow money with the promise that you'll repay it in the future, often with interest.
  4. 5. set aside money for savings before paying bills and making other purchases.
  5. 7. something one party owes another, typically money.
  6. 8. the money that a person receives in exchange for their labor or products.
  7. 9. A need is something that is necessary to live and function. A want is something that can improve your quality of life.
  8. 11. a number from 300 to 850 that rates a consumer's creditworthiness.
  9. 14. practice of spreading your investments around so that your exposure to any one type of asset is limited.
  10. 16. money lent to a borrower or put into an investment.
  11. 17. when a person or business is unable to repay outstanding debts or obligations.
  12. 21. a nonprofit financial institution that accepts deposits, makes loans, and provides a wide array of other financial services and products.
  13. 22. a card issued by a bank or credit union to checking account holders that is used to access funds.
  14. 23. a contract, represented by a policy, in which a policyholder receives financial protection or reimbursement against losses from an insurance company.