Across
- 4. amount a person pays out before the insurance company pays
- 6. effective annual interest rate charged by sellers
- 7. amount a business owes to its creditors
- 10. total of monthly payments + downpayment
- 11. calculation of a town to make sure their budget is covered
- 12. when principal and interest are due
- 13. type of tax often placed on non-necessary items
- 14. amount of a home purchase being financed
- 16. the remaining balance to be paid on a loan
- 17. method using 360 days for calculating interest
- 19. cost of borrowing money
Down
- 1. when a mortgage loan % stays the same for the term of the loan
- 2. insures borrowers receive credit for making partial payments
- 3. sales after discounts, returns and/or allowances
- 5. financial report showing revenues and expenses
- 8. things of value owned by a business
- 9. the maximum amount an insurance company will pay on a policy
- 15. person receiving value of policy after insured dies
- 18. value used to calculate an individual's property tax