Financial Terms Crossword Puzzle

This crossword contains the following questions and answers:

Investment contracts in which the investor exchanges a sum of money for a series of payments over time. annuities
A loan to a company to finance a wide array of business purposes—from short-term inventory financing to long-term investments in equipment. commercial loan
A method of interest payment. This is calculated by adding the interest earned by the investment to the previously earned interest. Each time interest is added to your savings the next interest amount is compounded on the new balance. compound interest
A combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure. conglomerate
Regularly purchasing stocks or mutual funds, whether they are high or low, by investing a constant dollar amount so that over the long term the high and low prices of the investment products average out. dollar-cost averaging
An employer-sponsored retirement plan that allows a worker to save for retirement while deferring income taxes on the saved money and earnings until withdrawal. 401k
A riskier type of investment with a higher potential for return. Examples include stocks, bonds, and mutual funds growth investment
Subject to fast, extreme changes in price or value. volatile
Planning investments and other transactions to match the money and other assets available to an individual over time to the ways in which they want to spend those assets, including personal consumption, charitable donations, support for family members, and gifts. wealth management
A legal relationship in which one person or company holds property, which can include money, real estate, stocks, bonds, collections, automobiles, and personal possessions for the benefit of another. trust
Accounts that can receive and hold funds for a specific purpose such as retirement, college tuition, or medical expenses. If these accounts are established according to federal tax rules, the owner of the account will not have to pay income taxes on the money placed in them until it is withdrawn tax-deferred accounts
The rule is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself. rule of 72
The chance that the rate of return on an investment will be different from what you expected. risk
Accounts that permit individuals to save and invest funds without paying taxes on the income from the investment as long as the proceeds are eventually applied to legitimate educational expenses at an accredited institution. educational plans
The strategy of pursuing an assortment of investments to minimize the effects of risk and volatility. diversification
Helping individuals or a family determine in advance what will happen to their money and other assets after the death of one or more individuals in the family. estate planning
Describing a future financial goal and computing the kinds of income, savings, and investment that will be necessary to achieve the financial goal. financial planning
A safer type of investment with a lower potential for return but that provides regular incomes to investors. Examples include savings accounts and certificates of deposit. income investment
The percentage return on an investment over a set time period, usually a year. interest rate
The original amount of money a person invests (as opposed to interest). principal
The amount of money gained or lost on an investment relative to the amount of money invested, usually expressed as an annual percentage. rate of return
Anticipating a desired or necessary future income after retirement and then creating a plan for the amount of savings and investment needed to create that future income. retirement planning
A company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of shareholders who in turn share in the profits and losses. investment service
The ease with which an investment can be converted into cash. liquidity

This crossword contains the following questions and answers:

a sum of money that is borrowed and expected to be paid back with interest in a specified time frame Loan
the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets Interest Rate
the annual rate that is charged for borrowing Annual Percentage Rate
a card that allows customers to access their funds immediately from their checking account Debit Card
a card that can be used at a store, restaurant, online, etc. that allows the cardholder to make a purchase immediately but then pay back the money later Credit Card
a card that usually does not charge interest; however it requires the cardholder to pay off his/her balance in full every month Charge Card
contains information about your credit such as loan paying history and the status of your credit accounts. Lenders use these reports to make lending decisions Credit Report
the sense of regret after buying something Buyers Remorse
allows you to track your income and your expenses Budget
a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates Credit Union
an amount of money that you owe to a person, bank, or company Debt

This crossword contains the following questions and answers:

If a student fails to repay a student loan on time, the student is in ____________. Default
The acronym for the amount of money a student and his/her family are expected to pay toward college expenses as determined by the FAFSA, also known as the Expected Family Contribution. EFC
One of the standardized tests that students generally take junior year of high school that is used by colleges to evaluate an applicant’s academic skills and abilities. ACT
The type of loan where the U.S. Department of Education does NOT pay the interest while you are in college. Unsubsidized
The type of loan where the U.S. Department of Education pays the interest while you are in college. Subsidized
The name of Federal low-interest loans for eligible students to help cover the cost of college or career school (HINT: it starts with the letter "s"). Stafford
Federal loans that parents of undergraduate students can sometimes use to help pay for their child's college or career school. PLUS
Your primary area of study chosen for college. Major
The name of the campus office that makes the decision about your acceptance to their school. Admissions
An area of interest studied at the same time as a major; however, fewer courses are required. Minor
Federal grant program providing need-based grants to low-income students. PELL
Type of college degree given if you complete four years of full-time study. Bachelor
Type of college degree earned if you complete two years of full-time study. Associate
The acronym for the application that you will fill out your senior year to apply for financial aid. FAFSA
The person at a college who helps students decide what classes to take, what major to pursue, and that makes sure student have fulfilled all graduation requirements. Advisor
The acronym for the report that a student receives after their FAFSA is processed. It is the report that is sent to your college, also known as a Student Aid Report. SAR
The legal document a student loan borrower must sign when he/she receives a loan. This document lists the terms for repayment of the loan, including interest. Promissory Note
This type of college or university is NOT run by the state and is generally smaller and more expensive. Private
The office at a college that is in charge of your financial aid, bills, and payments (HINT: It starts with the letter “b”). Bursar
The total cost to attend college before financial aid, including tuition and fees, room and board, books and supplies, and other living expenses (Hint: Acronym is “COA”). Cost of Attendance
A program that allows students to take a part-time campus job as part of their financial aid package. Work Study
Colleges/universities that are ran and regulated by the state or federal government. Public
The general term for money you borrow from the government, a bank or another source that need to be paid back, usually over an agreed period of time. Loan
Generally, a student that is taking more than 12 credit hours of classes is considered to be a _______ student versus part time student. Fulltime
The period of time following graduation when a student is NOT expected to start paying his/her loans back yet is known as a “______ period.” Grace
What we wish grew on trees!! Money
A kind of "gift aid" — financial aid that doesn’t have to be paid back and that is usually awarded based on financial need. Grant
The name of the official document that your high school guidance counselor will send to your colleges that lists the classes that you have taken and your grades. Transcript

This crossword contains the following questions and answers:

provides billions of dollars nationally in the form of grants, loans, and student employment for students to pursue post secondary education Financial Aid Administrator
a collection of different types of financial aid from multiple sources Financial Aid Package
students, parents, and borrowers are required to use an. FSA ID
a set amount of time after you graduate, leave school, or drop below half-time enrollment before you must begin repayment on your loan. Grace Period
one who meets at least one of the following criteria: You are working on a degree beyond a bachelor's, such as a master's or doctorate. You have a child or children, or other legal dependents, who receive more than half their financial support from you. Independent Student
the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. interest
Some money for college is awarded without regard for financial need. Merit Based Aid
is defined as a formal process focus on how a product addresses the needs of a human. Need Analysis
the final price paid for goods or services after subtracting tax and any other costs Net Price
payment in excess of what is due over payment
A quantitative estimate of the parents ability to contribute to the post secondary educational expenses of an independent student parent Contribution
the amount of money borrowed by the student principal
a signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand. promissory note
omeone who is enrolled or accepted for enrollment in an eligible institution for the purpose of obtaining a degree or certificate offered by the school. regular student
a federal regulation requiring the U-M Office of Financial Aid to monitor the progress of each student who is receiving financial aid as they move toward completing their degree satisfactory academic progress
The system used in the United States to draft young people into armedservice. Though the United States at present has no draft, young men are required by law to register with the Selective Service when they reach the age of eighteen. selective service registration
a paper or electronic document that gives you some basic information about your eligibility for federal student aid and lists your answers to the questions on your Free Application for Federal Student Aid student aid report
Support financially subsidized
the amount of income used to calculate an individual's or a company's income tax due. taxable income
the Higher Education Act of 1965 (HEA) covers the administration of the United States federal student financial aid programs title IV Programs
The Federal Government pays the interest for Direct Subsidized Loans while the student is in college or while the loan is in deferment unsubsidized
all incommode received that is not reported to the IRS untaxed income
the process of establishing the truth, accuracy, or validity of something. verification

This crossword contains the following questions and answers:

all income that a business receives over time Revenue
the cost of operating a business Expenses
provides detailed plans for the financial needs of many Budget
plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable Start-up budget
describes the financial plan for ongoing operations of a business for a specific period Operating Budget
an estimate of the actual money received and paid out for a specific period Cash budget
used to record and analyze the financial performance of a business Financial Records
a report that covers the revenue and net income or loss for a specific period Income Statement
the financial record of employee compensation, deductions and compensation Payroll
refers to the day-to-day financial activities associated with using limited income to satisfy your unlimited needs and wants Money Management
the difference between a persons assets and liabilities Net Worth
any difference between actual spending and budgeted amounts Budget Variance
a report that summarizes your current financial condition and sets a direction for future financial activities Financial Plan
supervises and regulates member banks to help banks serve the public efficiently Federal reserve system
offer a wide variety of financial services Commercial Bank
used for ATM transactions Debit Card
a written notice that tells the bank not to pay a certain check Stop payment order
the storing of money for future use Saving
using your savings to earn more money Investing
the ease with which an investment can be changed into cash without using its value Liquidity
the price at which stocks are being bought and sold Market Value
the difference between the price at which you can currently sell your house and the amount owed on the mortgage Equity

This crossword contains the following questions and answers:

Services such as water, heating, and electricity ultilites
The value of an investment or loan on date before the end of the term present value
The value of an investment or loan Principal
Someone who rents accommodations tenant
A feature of a calculator that is used for financial calculations TMV
The value of an investment or loan at the end of the term Future value
The percent by which an investment increases or decreases in value over a given time Growth rate
The number that is multiplied by the principal when calculating its accumulated value Growth factor
Total earning before deductions Growth earnings
Total assets (wealth) minus total liabilites (debt) Net worth
Total earnings less all payroll deductions from a total area Net earnings
Regularly occuring expenses that are the same from on time period to the next Fixed expenses
A series of equal payments or deposites paid at regular intervals over a fixed period of time annutity
The rate at which the value of an item increases over time. Appreciation rate
Expenses shared by all owners of a condominium complex common fees
An organized income spending plan budget
The time frame for which the calculation of a morgage payment is determined amoritizations period
A person or organization that lends money creditor
To sell an invenstment at a value less than its usual price discount
The rate at which the value of an item decreases over time Depreciation rate
The interest paid on the principal and its accumulating interest compund interest
The length of time for which interest is calcuated before being accumulated compounding period
A single loan obtained to pay off multiple loans consolidation loan
Half the monthy payment is paid every two weeks accelerated bi-weekly payment
One quarter of the monthly payment is paid each week accelerated weekly payment
Expenses that may change in frequency and/or amount from one time period to the next. i.e. food variable expenses

This crossword contains the following questions and answers:

Income, especially when of a company or organization and of a substantial nature. Revenue
An estimate of income and expenditure for a set period of time Budget
The proportion of a loan is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. Interest Rates
Money paid regularly at a particular rate of the use of money lent, or for delaying the repayment of a debt. Interest
The capital raised by a business or a corporation through the issue and subscription of shares. Stocks
A certificate issued by a government or a public company promising to repay borrowed money at a fixed rate of interest at a specified time Bonds
A system of money in general use in a particular country. Currency
Borrow (a sum of money or item of property). Loan
Expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture. Investing
Money received, especially on a regular basis, for work or through investments. Income
Pay out (money) in buying or hiring goods and services. Spending
The money one has saved, especially through a bank or official scheme. Savings
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. Credit

This crossword contains the following questions and answers:

expenses beyond your regular monthly spending (Emergencies, vacations, social events, repairs, major purchases). Short-term needs
expenses that are costly and need years of planning and saving. Long-term needs
cash allowances awarded to students to help pay for education costs Scholarships
money may be borrowed for your education in the form of student loans
All students loans are combined into one large loan, which results in one monthly payment, rather than many payments. Loan consolidation
Forms of educational funding that do not have to be repaid and usually do not require students to maintain certain standards Grants
students can work at the campus or other college location to earn money work-study
the amount of money you deposit into your savings account principal
a deposit that earns a fixed interest rate for a specified length of times certificate of deposit
a measure of how quickly you can get your cash without loss of value. Liquidity
the date on which an investment becomes due for payment. maturity date
type of savings account that offers a more competitive interest rate than a regular savings account money market account
you are guaranteed not to lose your savings deposit, even if the blank or other financial institution fails and goes out of business safety of principal
your net pay is electronically deposited into your bank account direct deposit
represent money you have authorized your bank or other organization to move from one account to another at regular intervals Automatic deductions
a plan in which you authorize your employer to make automatic deductions from your paycheck each pay period payroll savings plan