Across
- 5. a retirement plan that requires an employer to make contributions to funds
- 9. interest on a loan or deposit calculated based on both principal and interest
- 10. the change in price of an asset
- 11. amount a lender charges a borrower
- 13. monetary charge for the privilege of borrowing money
- 14. unchanging rate charged on a liability
- 15. the chance a outcomes actual gain will differ from the expected return
- 16. something a person or company owns
- 18. money put aside for future use
- 19. a bank product that earns interest on a lump-sum deposit that's been untouched
Down
- 1. taxes required on specific goods or services
- 2. a non-profit financial institution controlled by it's members
- 3. trading in very short-term debt investments
- 4. a type of tax that governments impose on incomes generated by business and individuals
- 6. consumption tax imposed by the government on the sale of goods and services
- 7. a contract, where an individual receives financial protection
- 8. a risk management strategy that mixes a wide variety of investments within a portfolio
- 12. ability to borrow money with the understanding that you'll pay later
- 17. an asset or item acquired with the goal of generating income
- 20. an amount of money borrowed by one party from another