AM Intermediate- Financial Literacy Unit Study Guide- Crossword

Target Language or Knowledge:

bankruptcy the state of being unable to pay your debts: a total lack of a particular good quality bargain to discuss the conditions of a sale agreement etc. in order to get a fair deal (verb): something bought for less than its usual price, on sale (noun) borrow to use something that belongs to someone else and that you must give back to them later: to receive money from a person or organization which you must pay back later ≠ lend, loan budget the money that is available to an organization or person, or a plan of how it will be spent calculate (noun) the money that is available to an organization or person, or a plan of how it will be spent: (verb) to carefully plan and control how much money you spend and what you will buy with it: to find out how much something will cost, how long something will take etc., by using numbers collateral property or other goods that you promise to give someone if you cannot pay back the money they lend you: assets promised by a borrower to a lender if the borrower cannot repay a loan: security consumer someone who buys goods or uses goods and services debit a decrease in the amount of money in a bank account, for example because you have taken money out of it: a record in financial accounts that shows money that has been spent or that is owed ≠ credit debt a sum of money that a person or organization owes: when you owe money to someone ≠ credit difference a way in which two or more people or things are not like each other ≠ similarity: the amount by which one thing is greater or smaller than another exchange the act of giving someone something and receiving something else from them: the act of giving something you have bought back to the store where you bought it, for example because it does not work, fit etc, and taking something else instead expense the amount of money that you spend on something loan (noun) an amount of money that you borrow from a bank etc,: when you lend something to someone: (verb) to lend someone something, especially money: to lend something valuable to someone personal finance people's management of their own money rain check when sale merchandise is out of stock, a written promise to customers to sell them that merchandise at the sale price when it arrives receipt a piece of paper that you are given which shows that you have paid for something: when someone receives something refund (noun) an amount of money that is given back to you if you are not satisfied with the goods or services that you have paid for; (verb) to give someone their money back, especially because they are not satisfied with the goods or services they have paid for: reimburse return to go or come back to a place where you were before: to give or send something back, or to put something back in its place savvy practical knowledge; the ability to make good judgements warranty a written guarantee issued to the purchaser of an article by a manufacturer promising to repair or replace it if necessary within a specific period of time