Across
- 2. accept deposit and offer loans
- 3. usually entitles the owner to vote at shareholders' meetings and to receive dividends.
- 7. shows the financial position of the business as of a particular date.
- 8. A financial product designed to grow an individual’s funds and then upon annuitization, pay a fixed payment for the designated number of periods.
- 9. financial strength of the business.
- 10. is a loan specifically intended for business purposes.
- 13. as the time it takes for the business to pay for its raw materials from the time they are acquired
- 15. are permits issued by government agencies that allow individuals or companies to conduct business within the government's geographical jurisdiction.
- 18. is slang for a check that cannot be processed because the account holder has non-sufficient funds.
- 20. a check is a written, dated and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee
Down
- 1. signifies the ability of the debtor to pay his obligation.
- 4. maturity is about 9 months.
- 5. is a debt security that matures after a year or more.
- 6. a legal process wherein assets of a debtor are distributed to creditors to be able to pay his debts.
- 11. Paying off of debt in regular payments over a period of time.
- 12. Security that represents the debt of a government or business promising to pay a fixed interest to the holder of the bond
- 14. Any resource that has economic value that an individual or corporation owns.
- 16. The one who needs the funds and borrows the funds through a bank.
- 17. transactions usually occur “under the table” to let participants avoid government price controls or taxes.
- 19. refers to the value of the assets that the customer has and plans to use to secure to credit.