Foundations in Personal Finance Final Exam Review 3

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Across
  1. 3. Security that represents part ownership or equity in a company.
  2. 5. When a bank issues a range of money to a prospective borrower.
  3. 7. A distribution from the net profits of a company to its shareholders.
  4. 8. A list of your investments.
  5. 10. Insurance that protects lenders against loss if the borrower defaults on the loan.
  6. 12. Description of the investing strategy the mutual fund management company will use to invest your money.
  7. 14. Things that help provide convenience, comfort, or enjoyment.
  8. 15. Money earned from working.
  9. 18. A legal contract that allows the renter, rights to the use of a property.
  10. 20. Term used to describe a high performing stock market cycle.
  11. 21. A person who rents land,a building, or an apartment to a tenant.
  12. 23. Term used to describe a low performing or falling stock market cycle.
  13. 24. Initials for the tax collecting agency in the United States.
Down
  1. 1. When someone spends so much of their income on the costs of homeownership that they struggle to reach their other financial goals.
  2. 2. Monies that you pay each month for your insurance coverage.
  3. 4. Income that is generated by the work someone performs.
  4. 6. Coverage for you to repair your care in case of theft, vandalism, glass repair, etc.
  5. 9. Loan obtained for the purchase of a home.
  6. 11. Income earned on a regular basis with little or no effort required to maintain it.
  7. 13. Average cost of basic goods and services needed to sustain a certain standard of living.
  8. 16. The deduction that most Americans take when filing their taxes.
  9. 17. Limited resources and unlimited demand by a population.
  10. 19. A mortgage product whereby the interest rate changes periodically.
  11. 22. Helps pay for you to live elsewhere while your home is being repaired after a disaster.