personal finance

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