Personal Finance Crossword

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