Across
- 2. Security that represents ownership of corporation
- 3. Electronic funds transfer
- 5. bank A bank that offers services for general public- for profit
- 6. an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller
- 9. Written instrument issued by the bank to order payment to other party
- 11. gains Profit from sale of property or investment that must pay taxes on earned income
- 13. point of sale
- 15. something pledged as security for repayment of a loan, to be forfeited in the event of a default.
- 16. a non profit entity whose members can borrow from pooled deposits at low interest rates
- 17. Rate of return on investment/borrowed and annual percentage yield
- 18. bond US government backed security with fixed rate terms- 20-30 year maturity
Down
- 1. Electronic deposit of funds to account
- 2. loan Loans required for education purposes (any level of education)
- 4. Taking money out of an account
- 7. balance the amount of money that the account holder can withdraw immediately
- 8. Money borrowed from lender for purchase of automobile- car is collateral
- 10. loan a financial instrument that can be used to cover both unexpected and anticipated expenses
- 12. a fixed sum of money paid to someone each year, typically for the rest of their life.
- 14. of deposit a certificate issued by a bank to a person depositing money for a specified length of time
- 16. Interest the interest you earn on interest