Finance Crossword

4. The ongoing business expenses not directly attributed to creating a product, such as rent or utilities.
6. The practice of buying an asset in one market and simultaneously selling it in another to profit from a price difference.
7. Using historical data to test a trading strategy to see how it would have performed in the past.
8. An official lowering of the value of a country's currency within a fixed exchange-rate system.
9. A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.

1. Physical gold or silver in the form of bars or ingots, often held as a store of value.
2. The difference between the market value of an asset and the amount a lender will loan against it.
3. Financial obligations or debts that a person or company owes to another party.
5. An agent or person authorized to act on behalf of another, often used in shareholder voting.
7. A nationally recognized, well-established, and financially sound company that is often a market leader.