19.2

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Across
  1. 4. most basic form of corporate ownership, generally with one vote per share for stockholders
  2. 5. a type of investment, often tax exempt, issued by state and local governments; known as munis
  3. 8. checks paid to stockholders, usually quarterly, representing portion of corporate profits
  4. 10. strategy of holding different investments to minimize risk
  5. 12. form of stock with no voting privileges; has a higher claim on corporate income and assets than does common stock
  6. 14. U.S. government obligation with a maturity of 2 to 10 years
  7. 15. unincorporated business owned and operated by two or more people who share the profits and have unlimited liability for the debts and obligations of the firm
  8. 17. low-denomination, non-transferable bonds issued by the federal government, usually through payroll savings plans
  9. 18. U.S. government obligation with a maturity of a few days to 52 weeks
  10. 20. the transfer of money from households to businesses and government through investments and loans
  11. 22. people who own a share or shares of stock in a corporation; same as shareholders
Down
  1. 1. form of partnership where one or more partners are not active in the daily running of the business, and whose liability for the partnership’s debt is restricted to the amount invested in the business
  2. 2. requirement that an owner is personally and fully responsible for all losses and debts of a business; applies to proprietorships, general partnerships
  3. 3. company that sells shares of a portfolio of securities, e.g., stocks and bonds issued by other companies
  4. 6. unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States
  5. 7. retirement accounts in the form of a long-term time deposit, with annual contributions not taxed until withdrawn during retirement
  6. 9. person who buys or sells securities for investors
  7. 11. form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property, enter into legal contracts, and to sue and be sued
  8. 13. life of a bond, length of time funds are borrowed
  9. 16. U.S. government bonds with maturity of 30 years
  10. 19. situation in which a firm legally ceases to exist when an owner dies or quits, or a new owner is added; applies to sole proprietorships and partnerships
  11. 21. certificates of ownership in a corporation; common or preferred stock