FINANCIAL LAW TERMINOLOGY

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Across
  1. 3. A signed document that promises a sum of payment to a specified person or the assignee.
  2. 4. An asset of value put up in promise for credit.
  3. 7. Credit that is guaranteed by an asset called collateral.
  4. 8. A written, dated and signed instrument that directs a bank to pay a specific sum of money to the bearer.
  5. 10. A claim or legal right AGAINST an asset to satisfy a debt.
  6. 12. This stock gives you partial ownership in said company, dividends and voting rights.
  7. 13. The person or entity that loans money to a debtor.
  8. 14. A written or spoken agreement.
  9. 16. A document that details in writing a sale of goods or transfer of property from one party to another.
  10. 18. The person who owes a sum of money .
  11. 19. Issued by the U.S. Department of the Treasury on behalf of the federal government.
  12. 22. This stock does not pay dividends but rather the profits are reinvested to accelerate company growth.
  13. 23. The distribution of some of a company’s earnings to a class of its shareholders.
  14. 24. These stocks trade at a lower price compared to a company’s earnings.
  15. 25. The original amount of money borrowed.
Down
  1. 1. Debt securities issued by states, cities, counties, other governmental entities.
  2. 2. This form of credit is not guaranteed by any asset.
  3. 5. This stock gives you partial ownership in said company and higher dividends.
  4. 6. Debt securities issued by private and public corporations.
  5. 9. “Straight” bankruptcy or liquidation
  6. 11. The extra paid on top of the amount loan.
  7. 14. Typically filed by corporations
  8. 15. A person who agrees to pay a borrower’s debt if they default on their loan.
  9. 17. These stocks pay consistent and steadily-increasing dividends
  10. 20. Unlike a cosigner, they have no claim to the asset.
  11. 21. Bankruptcy which is most often used when you can afford to pay some but not all of your debts.