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Personal Finance: Ch 1

Horizontales
The granting of a loan and the creation of debt; deferred payment
A person's assets minus their liabilities
The percentage of principal charged by the lender for use of its money
Financial debts or obligations
A person or organization that uses a product of service
A person whose monthly income is devoted to expenses with little left over for savings
Money owed to another person or company
All the financial decisions an individual or family makes
Verticales
The additional cost a lender charges for borrowing their money
Plan of action to meet immediate needs and long-term goals
The knowledge necessary to be informed consumers
A person or business that charges borrowers interest rates above the legal rate
What a person earns after payroll taxes and deductions are taken out
The cost of goods or services
Anything owned by the individual