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Math & Money Ch. 1

Teacher: L Dangelo
Horizontales
An obligation of repayment owed by a debtor to a creditor or lender.
A person/organization that buys and uses products and services.
A system by which goods and services are produced and distributed.
Knowledge and skillset necessary to be an informed consumer and manage finances effectively.
Verticales
All decisions and activities of an individual or family regarding their money, including spending, saving, budgeting.
The granting of a loan and the creation of debt, any form of deferred payment.
A debt evidenced by a "note" which specifies the principal amount, interest rate and date of repayment.
Fee paid by a borrower to the lender for the use of borrowed money.