Across
- 2. Loan for a home- allows lender to take property in the event payments are not made- longer term 30 years.
- 4. A clause in an insurance policy detailing an exemption from or change in coverage. Signature that is on the back of a check.
- 7. A sum of money paid regularly by a company to its shareholders out of its profits.
- 10. Profits gained from the sale of capital assets.
- 13. Third party unauthorized card use: obtaining services, credit or funds through misrepresentation of identity or information.
- 14. Digital currency
- 15. Automated Teller Machine, banking outlets where you can withdraw cash without going into a branch of their bank
- 16. Taking money out of an account.
- 18. Something pledged as security for repayment of a loan to be forfeited in the event of a default
- 20. The possession of assets in excess of liabilities; ability to pay one's debts.
Down
- 1. A nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
- 3. Allows you to borrow money using the equity in your home as collateral.
- 5. Loan for educational purposes.
- 6. Third party unauthorized card use: obtaining services, credit or funds through misrepresentation of identity or information.
- 8. Electronic deposit of funds to account.
- 9. The total amount of money in your account that you can use for purchases and withdrawals.
- 11. Money borrowed with set payment and terms- for any personal use.
- 12. Security that represents fractional ownership of the company.
- 17. A fixed sum of money paid to someone each year, typically for the rest of their life.
- 19. Written, dated, signed instrument that forces banks to pay funds to designated party