personal finance

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Across
  1. 3. Insurance that protects your belongings from theft & destruction
  2. 5. Investment that represents a loan to gov't/corporation (low risk)
  3. 6. Benefits survivors/the deceased
  4. 13. Used when a person is sick
  5. 16. Collections of securities chosen & managed by a group of professional fund managers
  6. 18. the recipient of the funds/other benefits from insurance policies
  7. 19. Occurs when benefits outweigh the cost
  8. 20. Smaller amount of money taken out of paycheck (sales tax)
Down
  1. 1. Used when a person is not capable of working
  2. 2. A periodic payment for the use of borrowed funds
  3. 4. Interest paid on both the original loan & interest earned
  4. 7. Risk transfer to a third party
  5. 8. More money is taken out based on a larger paycheck (federal tax)
  6. 9. The amount of money borrowed/the amount of money still owed on a loan
  7. 10. Interest on the original loan
  8. 11. Amount paid on an insurance policy per a given time period
  9. 12. Your payment before an insurance company begins coverage
  10. 14. A business whose main purpose is to receive deposits & make loans
  11. 15. All social classes pay the same percentage
  12. 17. Investments that represent ownership in business (risky)