2023 FinLit Vocab for Ch 9 Vehicle Transportation

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Across
  1. 5. A clause in an insurance policy that requires the insured to pay a certain amount before the insurance company pays.
  2. 9. The total cost of a new vehicle, including base price, options, and destination charge.
  3. 11. A contract allowing you the use of property, such as a vehicle, for a set time period by making a specified number of payments. At the end, you can purchase the item for its residual value.
  4. 13. Production or vehicle costs which remain about the same regardless of how uch you produce or drive, such as building rent or vehicle registration.
  5. 17. Pays for damage to the insured vehicle from losses due to fire, vandalism, theft, and just about any cause other than a collision.
  6. 18. The price the dealer actually pays for a vehicle, usually expressed as a percent of the base price, plus a percent of the options price, plus the destination charge.
Down
  1. 1. Pays for damage to the insured vehicle caused by a collision with another motor vehicle or an object such as a telephone pole.
  2. 2. A contract that allows you the use of property, such as a vehicle, for a set time period by making a specified number of payments.
  3. 3. The cost of shipping a vehicle from. The factory to the dealer.
  4. 4. Costs of producing a product that vary directly with the number of units produced, such as raw materials and packaging. Also, vehicle costs that increase the more oyu drive, such as gasoline and tires.
  5. 6. Provides financial protection to the policyholder against claims for bodily injury and property damage as a result of an accident.
  6. 7. The price of the engine, chassis, and any other standard equipment for a particular model, referred to as the manufacturer’s suggested retail price.
  7. 8. The amount you pay each year for insurance coverage.
  8. 10. The decrease in the value of your vehicle from one year to the next because of its age and condition.
  9. 12. An agreement for the use of property, such as a building or vehicle, usually on an annual basis.
  10. 14. Extra equipment on a vehicle for convenience, safety, or appearance, such as a sunroof, air conditioning, and tinted glass, which is not included in the base price.
  11. 15. Guides published monthly that give the averages prices for used vehicles that were purchased from dealers during the previous month.
  12. 16. Agreeing to pay a set fee for the use of property, such as a vehicle or building, often on a daily, weekly, or monthly basis.