Think you can complete our financial glossary crossword? Challenge yourself and a friend to see who can complete the crossword the quickest. If you get stuck, answers are below. Good luck!
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Across
2. Borrowed money that is repaid over time, with interest.
Answer: Loan
7. A loan that is used to buy a house.
Answer: Mortgage
8. The failure to pay a loan or another agreement.
Answer: Default
9. Interest earned on both an investment’s principal and the interest that it’s earned since the initial deposit.
Answer: Compound interest
10. An asset or share that’s purchased with the intent of earning money, such as real estate or a share of a company.
Answer: Investment
13. The fee for borrowing money from a lender.
Answer: Interest
15. The borrowing of money up to a pre-set amount, often done using a card.
Answer: Credit
Down
1. A monthly spending plan where every dollar has a home.
Answer: Budget
2. The ease with which an investment can be converted into cash.
Answer: Liquidity
3. The cost of credit on a yearly basis, expressed as a percentage.
Answer: APR
4. When an asset loses some of its value over time.
Answer: Depreciation
5. An item with economic value, such as stock or real estate.
Answer: Asset
6. A retirement account offering tax-free contributions.
Answer: IRA
11. The ownership of an investment or asset, such as a stock, bond, land or house.
Answer: Equity
12. Money that is owed to a person, lender or institution.
Answer: Debt
14. Ownership in a company that is sold to raise money.
Answer: Stock