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Chapter 1 - Financial Peace

Horizontales
An obligation of repayment owed by one party to second party
A person or organization that uses a product or service
A system by which goods and services are produced and distributed
The knowledge and skill set necessary to be an informed consumer
Verticales
All of the decisions and activities of an individual or family regarding money
The granting of a loan and the creation of debt
A debt evideneced by a "note", which specifies the principle amount, interest rate and date of repayment
A fee paid by a borrower to the lender for the use of borrowed money