Key Financial Terms

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Across
  1. 1. a failure to pay a loan or other debt obligation
  2. 5. property or assets a lender can take ownership of when a loan is not repaid
  3. 9. the goods or materials a business currently has on hand
  4. 10. a list of goods or materials a business holds for sale
  5. 12. any financial expense or amount owed
  6. 13. wealth in the form of money or property owned by a business
  7. 14. the fixed costs associated with operating a business
Down
  1. 2. things you own
  2. 3. a person who promises to repay a loan if the borrower cannot meet the repayments
  3. 4. the total revenue a business earns minus its total expenses
  4. 6. the value of ownership interest in the business, calculated by deducting liabilities from assets
  5. 7. how much of the original amount is still owing on a loan
  6. 8. a lending term for when a customer purchases a good or service with an agreement to pay at a later date
  7. 11. the percentage of a company's earnings that is paid to its shareholders