Personal Vocabulary Vocabulary

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Across
  1. 2. The recipient of funds or other benefits from insurance policies
  2. 5. The amount of money borrowed, or 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 and make loans
  9. 19. interest paid on both the original loan and interest earned.
Down
  1. 1. All social classes pay the same percentage
  2. 2. Investment that represents a loan to gov't or corporation (low risk)
  3. 3. More money is taken out based on a larger pay check (federal tax)
  4. 4. Insurance that protects your belongings from theft and 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 or the deceased
  9. 12. Investments that represent ownership in business (risky)
  10. 13. A collections of securities chosen and managed by a group of professional fund managers
  11. 14. Smaller amount of money take out of pay check (sales tax)