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FINANCIAL PLANNING VOCABULARY

Across
buying or obtaining goods or services now with an agreement to pay in the future
something which is pledged to secure repayment of a loan; in the event of default on the loan, the collateral is forfeited
a bank or credit union account in which the money deposited earns interest so there will be more money in the future than originally deposited
the original amount invested
annual percentage rate applied to the balance on a loan compounded monthly (APR)
Money paid regularly at a particular rate
a high-interest, short term loan of cash for which an automobile title is required as collateral
Money taken out of a banking account
Down
Sum of money placed or kept in a bank account
Interest that is calculated only on the principal amount of the loan
optional savings plans or accounts to which the employer can make direct deposits of an amount deducted from the employee's pay at the request of the employee
the original amount borrowed
Monetary asset purchased with the idea that the asset will provide income in he future or will be a higher price
Sum of money that is expected to be paid back with interest
Taking a sum of money out of an account