Type
Crossword
Description

number calculated by taking into account the total cost of the loan, including the pay in interest annual percentage rate
a car with two front seats and a smaller backseat for occasional passengers coupe
this insurance is usally optional collision insurance
an agreement that gives one party the use of a community for a specified period of time for a specified price lease
this insurance ensures you will be able to pay for any damages you cause liability insurance
payments are normally made over a series of months loan
it has multiple rows of seats but often doesn’t offer significant towing power or off-road capability minivan
only some states use this system no-fault auto insurance
car that has two rows of seats and a trunk sedan
a car with multiple rows of seats and significant towing power most also have the ability to drive off-road SUV
lenders require a certain level of income each month to qualify steady income
lenders use credit scores as a quick way to judge whether you will pay the money back credit history

Financial Literacy Crossword

Type
Crossword
Description

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

Buying a Car Worksheet

Type
Matching Worksheet
Description

annual percentage rate (APR): A number calculated by taking into account the total cost of a loan, including what the borrower will pay in interest; this makes it easier to compare different loan offers.
coupe: A car with two front seats and a smaller backseat for occasional passengers. It usually has two doors but sometimes has four.
collision insurance: Insurance that covers the car of the insured person and pays for repairs after an accident or cash compensation if the car can’t be repaired. This type of coverage is usually optional.
lease: An agreement that gives one party the use of a commodity for a specified period of time for a specified price.
liability insurance: Insurance that compensates an injured party up to a certain amount outlined in the policy statement. This type of insurance ensures you will be able to pay for any damages you cause.
loan: An amount of money given to the borrower for a set period of time. After the set time has passed, the money must be paid back plus the lending fee, called interest. Payments are normally made over a series of months.
minivan: A car that is designed for maximum passenger space. It has multiple rows of seats but often doesn’t offer significant towing power or off-road capability.
no-fault auto insurance: A system under which drivers must have coverage for their own protection. It also limits the damages for which an injured party can sue. Under this system, after an accident both parties would be covered by their own insurance policies. Only some states use this system.
sedan: A common type of car that has two rows of seats and a trunk. It can have two doors or four doors, but the backseat should be able to seat adults comfortably.
SUV (sport utility vehicle): A car with multiple rows of seats and significant towing power. Most also have the ability to drive off-road.

Buying a Car Crossword

Type
Crossword
Description

annual percentage rate (APR): A number calculated by taking into account the total cost of a loan, including what the borrower will pay in interest; this makes it easier to compare different loan offers.
coupe: A car with two front seats and a smaller backseat for occasional passengers. It usually has two doors but sometimes has four.
collision insurance: Insurance that covers the car of the insured person and pays for repairs after an accident or cash compensation if the car can’t be repaired. This type of coverage is usually optional.
lease: An agreement that gives one party the use of a commodity for a specified period of time for a specified price.
liability insurance: Insurance that compensates an injured party up to a certain amount outlined in the policy statement. This type of insurance ensures you will be able to pay for any damages you cause.
loan: An amount of money given to the borrower for a set period of time. After the set time has passed, the money must be paid back plus the lending fee, called interest. Payments are normally made over a series of months.
minivan: A car that is designed for maximum passenger space. It has multiple rows of seats but often doesn’t offer significant towing power or off-road capability.
no-fault auto insurance: A system under which drivers must have coverage for their own protection. It also limits the damages for which an injured party can sue. Under this system, after an accident both parties would be covered by their own insurance policies. Only some states use this system.
sedan: A common type of car that has two rows of seats and a trunk. It can have two doors or four doors, but the backseat should be able to seat adults comfortably.
SUV (sport utility vehicle): A car with multiple rows of seats and significant towing power. Most also have the ability to drive off-road.

Financial Terms Crossword Puzzle

Type
Crossword
Description

When you’re investing or saving, this is the interest that you earn on the amount you deposit, plus any interest you’ve accumulated over time. Compoundinterest
A number used by banks and other financial institutions to measure a borrower’s credit worthiness. FICOscore
The difference between your assets and liabilities. networth
The process by which you choose what proportion of your portfolio you’d like to dedicate to various asset classes, based on your goals, personal risk tolerance and time horizon. Assetallocation
Commonly referred to as fixed-income securities. Bonds
The increase in the value of an asset or investment — like a stock or real estate — above its original purchase price. Capitalgains
The process of buying or selling securities over time in order to maintain your desired asset allocation. Rebalancing
Also called equities or shares. Stocks
This is the process of paying off your debt in regular installments over a fixed period of time. Amortization
A type of mortgage in which the interest you pay on your outstanding balance rises and falls based on a specific benchmark. ARM
An account held by an impartial third party on behalf of two parties in a transaction. Escrow
A mortgage that carries a fixed interest rate for the entire life of the loan. Fixed-rate mortgage
Employer-sponsored retirement plans, such as pensions, in which the employer promises a specified retirement benefit based on a formula that may include an employee’s earnings history, length of employment and age. Defined-benefit plans
Companies often use these as management incentives. stockoptions
The payments you make to an insurance company in return for protection from financial losses within the scope of your policy. Premium
Used to determine your taxable income, minus any additional IRS-qualified deductions that you’re eligible to take. AGI
A person who is financially dependent on your income, typically a child or an adult relative you may support. Dependent
A standard amount that can be used to reduce your taxable income if you decide not to itemize your deductions. Standarddeduction
A qualified expense that the IRS allows you to subtract from your adjusted gross income, which further reduces your taxable income. Itemizeddeduction
A type of policy that provides additional liability coverage beyond what your home, auto or boat insurance may provide. Umbrellainsurance

5-4 Auto Insurance Crossword

Type
Crossword
Description

type of insurance that pays for the repair or replacement of an insured car if it is damaged no matter who is at fault. Usually required if there is a loan on the car. collision insurance
insurance that pays for part of the cost of a rented car if a car is disabled because of a collision. car rental insurance
insurance that covers towing or road service when a car is disabled. emergency road service insurance
a person who predicts how many customers will submit claims based on a criteria such as age or sex or marital status or driving record and residence. actuary
an extra fee paid to car insurance company for dividing an annual premium into monthly, quarterly or semiannual payments. surcharge
part of the repair or damages that a driver has to pay before the insurance company pays. deductible
covers bodily injury during an accident liable, the responsible person that pays for damages they cause with their automobile. bodily injury liability
at fault for causing an accident. You can be sued for this. negligent
contract between a person and insurance company. The driver pays a fee and the company covers certain costs when the driver makes a claim. premium, the amount paid for an insurance policy. automobile insurance
a request for payment by a driver involved in an accident to an insurance company. claim
insurance that covers a person from damages. liability insurance
insurance that covers damage a driver causes to another person's property. property damage liability
coverage that pays for injuries to a driver or passengers caused by a driver who has no insurance or does not have enough insurance to cover the medical losses. uninsured motorist protection
an added insurance coverage mandatory in some states that pays for any physical injuries that the driver or passenger sustain while in the vehicle. Also called no fault insurance. personal injury protection
same as personal injury protection. no fault insurance
insurance that covers the repair or replacement of parts of an insured car damaged by fire or vandalism or any other disaster. it also covers if the car is stolen. comprehensive insurance

Mortgage Terms Crossword

Type
Crossword
Description

Home Mortgage ___________ Act Disclosure
Comparison of your loan amount to the value of your home LTV
Percentage of your debt divided by your gross income DTI
Spouse that will only be on title but not on loan NPS
Insurance that protects lenders/investors for losses due to the event of default of a mortgage loan MI
Document that most be provided withing 72 hours of taking an application Loan Estimate
Document provided prior to closing that replaces the HUD-1 and TIL Closing Disclosure
Document filed to show lien with lender is a Deed of _______ Trust
Sketch of a property showing its boundaries Survey
History of the title showing current owners and liens Abstract
Nationwide registraction system for mortgage loan originators SAFE Act
Origination, appraisal, and survey fees are know as _____________ costs. Closing
Insurance protecting the lender is known as a _____________ policy Lenders
We use the borrowers __________ income to qualify them for a loan gross
FHLB stands for _____________ Home Loan Bank Federal
Intergrated Disclosure regulation that went into effect October 3rd, 2015 TRID
Computer generated loan underwriting system AUS
An ___________ account is set up to pay taxes and insurance on a yearly basis Escrow
Right of _____________ gives a borrower 3 days to decide if they wish to continue with a loan Rescission
A Mortgage _____________ is in charge of receiving payments, paying taxes and insurance, etc. Servicer

Credit Crossword

Type
Crossword
Description

Credit as a one-time loan that you will pay back over a specified period of time in payments of equal amounts. Closedend Credit
A time in which no finance charges will be added to your account. Grace Period
maximum amount of money a creditor will allow a credit user to borrow. Line of Credit
The income you recieve Net income
Credit as a loan with a certain limit on the amount of money you can borrow for a variety of goods and services. Openend credit
The interest computed only on the principal, the amount you borrow. Simple Interest
A portion of the total cost of an item that must be paid at the time of purchase. Down Payment
The cost of credit on a yearly basis, expressed as a percentage. Annual Percentage Rate
The total dollar amount you pay to use credit. Finance charge
Agreeing to be responsible for loan payments if the other person fails to make them. Consigning
A measure of a person's ability and willingness to make credit payments on time Credit rating
A legal process in which some or all of the assets of a debtor are distributed among the creditors because the debtor is unable to pay his or her debts. Bankruptcy

Budgets Crossword

Type
Crossword
Description

a yearly fee for having an open account. The lower the fee, the better: no fee is the best annual fee
in addition to any ATM fees, this is a fee for withdrawing cash on your own credit account cash advanced fee
Your credit limit is the maximum amount you can borrow at any one time. Exceed this and a fee will be applied to your own account each time you go over your limit Over the limit
the amount of time before interest starts accumulating on charged purchases. Be sure the lender receives your payment before the grace period ends. Grace period
if possible, avoid setup fees or maintenance fees if you don's use the card. Check the terms of your agreement other fees
longer loans typically have lower payments but accumulate more interest, while shorter loans do the reverse. loan term
a charge to process your loan. lower is better; none is best of all. origination fee
always check before making a loan commitment to know about any extra charges if you make early payments prepayment penatly
money you can pay upfront toward the purchase to reduce the loan amount. Some car and mortgage loans will require a down payment for approval. down payment
some lenders offer interest rate discounts as incentives. For example, you might have a lower rate if you make automatic bank transfer payments. discount points

Chapter 1-3 Crossword Puzzle

Type
Crossword
Description

A person or organization that uses a product or service Consumer
The granting of a loan and the creation of debt; any form of deferred payment Credit
An obligation of repayment owed by one party (the debtor/borrower) to a second party (the creditor/lender); in most cases this includes repayment of the originial loan amount plus interest Debt
A system by which goods and services are produced and distrubuted Economy
The knowledge and skillset necessary to be an informed consumer and manage finances eddfectively FinancailLiteracy
A fee paid by a borrower to the lender for the use of borrowed money Interest
A debt evidenced by a "note" which specifies the principal amount, interest rate and date of repayment Loan
All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc. PersonalFinance
Interest paid on interest previously earned; credited daily, monthly, quarterly, or semianually CompoundInterest
Five hundred dollars in readily available cash to be used only the event of an emergency; the goal of the First Foundation EmergencyFund
Percentage paid to a lender for the use of borrowed money (in debt); percentage earned on invested principal (in investing) InterestRate
Saving money over time for a large purchase SinkingFund
A written cash flow plan Budget
A summary that shows total income and spending for a given time period CashFlowStatement
A copy of each check you write CarbonCheck
Series of envelopes that are divided into categories (food, entertainment, gas, etc.) and are used to store cash for planned monthly expenses. EnvelopeSystem
An item that is bought without previous planning or consideration of long-term effects ImpulsePurchase
Occurs when money is withdrawn from a bank account and the available balance below zero Overdraft
To match your bank statement with your checkbook Reconcile
A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero ZeroBasedBudget

Credit Cards Crossword

Type
Crossword
Description

Any card that may be used repeatedly to borrow money or buy products and services on credit. Creditcards
Any card that may be used repeatedly to borrow money or buy products and services on credit. Debitcards
A payment made to a professional person or to a professional or public body in exchange for advice or services. Fees
A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively Money
The fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal; the rate is dependent upon the time value of money, the credit risk of the borrower, and the inflation rate. Interest
The amount of money owed to the credit card company. CreditcardBalance
A place where you can keep your money safe Bankaccount
When you don't pay bills on time Badcredit
When you pay your bills on time Goodcredit
A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some later date. Credit
When a person you work for or your boss pays you not in cash Check
A price that one has to pay Bill
When you put money or a check into your acount deposit
The record of use of debt. Credithistory
A bank account equally shared by two or more people Jointaccount
Charged by a credit card company each year for use of a credit card. Annualfee
A three digit number that summarizes how well a person or business has handled debt and credit Creditscore
The total cost of borrowing, including interest and fees, expressed in a dollar amount. financecharge
Consumers or businesses seek legal assistance when bills cannot be paid. Bankruptcy
An amount owed Debt