Chapter 2 Vocab

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Across
  1. 3. a fee such as the kind charged by a stockbroker for placing an order
  2. 6. insurance that covers deposits in case of bank failure
  3. 7. a financial institution that provides services to businesses
  4. 9. a security that gives the purchaser part ownership of the company
  5. 12. an independent organization that insures banks in case of failure
  6. 15. money made is returned to members by higher interest rates
  7. 16. issues loans to both individuals and businesses
  8. 18. a person or thing covered by an insurance policy
  9. 19. an investor who expects to make a return from from his or her investment stock
  10. 24. provides loans for businesses such as retail stores
  11. 25. financial instruments that pay interest
  12. 26. a type of financial institution that does not accept deposits
  13. 30. Organization or business that provides services related to money
  14. 31. an organization that is owned by its members
Down
  1. 1. advises customers on which securities to buy
  2. 2. a savings account that pays a higher interest rate and requires a higher minimum balance than a traditional savings account
  3. 3. formed by a manufacturer to provide loans so manufacture can sell goods
  4. 4. high interest personal loans to individual
  5. 5. stockbroker who places orders for customer at a lower commission
  6. 6. arranges for depositors to maintain their insured funds
  7. 8. insure credit union deposits up to $250000
  8. 10. represents money a government or company has borrowed from a bondholder
  9. 11. a bank account that allows the owner to use it to pay a third party, such as a checking account
  10. 13. checking account in a credit union
  11. 14. provides short term high interest loans designed to cover expenses until the next payday
  12. 17. a financial institution that provides many of the same services as the S & Ls but owned by its members
  13. 19. a type of financial institution that helped save money by allowing small deposits and home loans
  14. 20. a customer who makes a deposit
  15. 21. a for profit business that sells insurence
  16. 22. money placed or transferred into a bank account
  17. 23. type of financial institution that is involved in the trading of securities
  18. 27. a payment
  19. 28. periodic payments made to purchase an insurance policy
  20. 29. savings account in a credit union