SPARTAN-JUNE16

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Across
  1. 2. Contracts to buy something in the future at a price agreed upon in advance
  2. 4. Funds invested in a firm by the owners for use in conducting the business
  3. 9. Amount of debt that must be repaid
  4. 11. An annual deduction of a part of the cost of an asset
  5. 13. Failure to satisfy an obligation when due
  6. 14. A lender’s claim on assets offered as security for a loan
Down
  1. 1. Insurance company official responsible for estimating future claims
  2. 3. A person who conceives, starts and manages a business
  3. 5. Group of banks and financial institutions, which together contribute the necessary financing for a transaction
  4. 6. One who expects prices to rise
  5. 7. Company earnings that may be paid out to shareholders
  6. 8. Fixed amount of cash to be received every year for a specified period of time.
  7. 10. The excess of the purchase price paid for a firm over the book value received.
  8. 12. One investment purchased against another investment in order to counter any loss made by either