Personal Finance Crossword
Across
- 3. The amount borrowed
- 6. This type of interest is drawn on the sum of the original principal plus interest
- 8. The specified amount of a loss that the insured must pay
- 11. A school record document that includes a list of courses, credits, and grades
- 12. Money paid to a former spouse
- 13. A statement assuring quality and performance of a product or service
- 14. A fixed hourly rate earned by employees
- 15. This is an audit in which the IRS sends a letter to a taxpayer
- 18. Taxes that take a larger share of income as the amount of income grows
- 20. The person or organization who receives the proceeds of a life insurance policy
Down
- 1. Refers to the length of time a person has held a job
- 2. Money or debts owed to others
- 4. A method for spreading individual risk among a large group of people in order to make losses more affordable
- 5. Items of value that a person owns
- 6. Anything of value exchanged for something else of value
- 7. Property pledged to assure repayment of a loan
- 9. Someone who lives with you and for whom you pay more than half of his/her living expenses
- 10. A fee paid at regular intervals by the owner of an insurance policy
- 16. A person who promises to pay a debt in the event that the maker does not pay
- 17. Paying at a future date for the present use of goods, services, or money
- 19. The person to whom a check is made payable
- 20. Matching expected income with anticipated expenses and savings