Chapter 11 Lesson 2

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Across
  1. 5. someone who inherits the ownership of the Financial asset if the purchaser dies
  2. 6. low denomination non transferable bonds issued by the U.S government
  3. 9. the rate of interest that is paid on the par value
  4. 11. a market in which money is loaned for more than one year
  5. 13. a market where only the original issues can sell or repurchase an asset
  6. 14. the life span of a loan
  7. 15. long term,tax sheltered time deposits that can be set up as part of a retirement plan
  8. 17. the U.S government obligations with maturities of 2-10 years
  9. 19. bonds issued by state and local government
Down
  1. 1. the annual interest divided by the Purchase price
  2. 2. the federal government does not tax the interest paid to investors
  3. 3. where existing financial assets can be resold to new owners
  4. 4. the amount borrowed and consequently the amount that has to be paid back on time
  5. 7. a market in which money is loaned for less than one year
  6. 8. have a maturity of 20-30 years
  7. 10. increased levels of risk
  8. 12. a short term obligation with a maturity of 4,13,26,0r 52 weeks and minimum denotation of $100
  9. 16. a loan
  10. 18. lower rated business bonds