EPF Final

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Across
  1. 4. An executor is someone who is responsible for executing, or following through on, an assigned task or duty.
  2. 6. A range of income amounts that are taxed at a particular rate
  3. 8. which is how likely the borrower will honor debt obligations
  4. 12. formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury
  5. 13. which refers to a borrower's history of paying obligations.
  6. 20. which refers a borrower's ability to repay and is usually measured by current income and level of outstanding debt.
  7. 21. A form of property insurance, available to renters, that covers losses to their personal property and protects the insured person from liability claims
  8. 22. A contract between the insurance company and the insured that states the exact terms of the policy
  9. 24. a person who has died without having made a will.
  10. 25. Profit from the sale of an asset, such as a stock or a bond, calculated by subtracting the price you initially paid from the price you then sold it for
  11. 26. a charge consumers pay when they fail to make a payment on a debt
  12. 29. the out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss
  13. 30. Gift aid typically based on financial need, such as the Federal Pell Grant.
  14. 34. Federal loans for students with need; interest does not accrue while in school.
  15. 35. An inspection of a filer's tax return by the IRS
  16. 36. The portion of an employee's wages that is not included in their paycheck because it goes directly to federal, state and local taxes
  17. 40. process of gradually paying off a debt or spreading the cost over time through regular payments or expensing, ensuring the full amount is accounted for by the end of a set period
Down
  1. 1. Gift aid based on merit (grades, skills) or specific criteria.
  2. 2. Failure to repay a loan according to the agreed terms.
  3. 3. Notification from a school listing the financial aid package offered
  4. 5. which refers to assets the borrower has that could be taken by the lender if the borrower fails to repay
  5. 7. an amount to be paid for an insurance policy.
  6. 9. An amount that a government gives back to a taxpayer who has paid more taxes than were due
  7. 10. The chance of something happening or not happening within a certain number of occurrences
  8. 11. A person who takes care of money or other assets for another person.
  9. 14. A tax paid on purchases of a specific good, like gasoline or cigarettes
  10. 15. which refers to the overall health of the economy and specifics of the loan.
  11. 16. which refers to savings and other assets one can use to repay.
  12. 17. federal law requiring lenders to give consumers clear, standardized information about loan costs before they sign a contract
  13. 18. expose to danger
  14. 19. An estimate of what premium you would pay for a certain insurance coverage plan
  15. 23. The Free Application for Federal Student Aid,
  16. 27. when a financial institution lends someone money to cover an expense
  17. 28. Person who owns the insurance policy
  18. 31. A situation involving exposure to danger, harm, or loss
  19. 32. Federal loans not based on need; interest accrues immediately.
  20. 33. your history of repaying debts, which affects your ability to borrow more
  21. 36. A form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck
  22. 37. a legal arrangement in which the grantor allows a third party, the trustee, to manage assets on behalf of the beneficiaries of the trust
  23. 38. court-supervised legal process of settling a deceased person's estate
  24. 39. When someone with insurance endures a negative outcome