Business Math Ch 10

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Across
  1. 2. Provides payment to cover liability losses as well as damage and loss of the home structure and its contents
  2. 3. amount paid on an insurance policy per a given time period
  3. 7. fees involved in arranging for a mortgage or in transferring ownership of property
  4. 9. the percent of a property's market value that is taxed
  5. 10. A sum paid or charged for the use of money or for borrowing money
  6. 12. The value of an asset determined by tax authorities for the purpose of calculating taxes
  7. 14. a portion of the total cost of an item that must be paid at the time of purchase
  8. 15. The amount of money borrowed
  9. 16. Charges for the use of electrical, gas, and water services
Down
  1. 1. Pays for the expenses for living away from home while your damaged home is being repaired
  2. 4. claim settlement method in which the insured receives the full cost of repairing or replacing a damaged or lost item
  3. 5. a tax imposed on a home or other real estate in the county where the property is located
  4. 6. the price at which property would sell
  5. 8. Liability assumed by borrowers that allows lenders to sue them personally for fulfillment of the contract.
  6. 11. A number assigned by an insurance company to a building that reflects how fire resistant it is and how close it is to a water source.
  7. 13. loan to purchase real estate in which the property itself serves as collateral