Business Math Key Terms

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Across
  1. 2. a contract between the landlord and tenant
  2. 6. a written record of income and expenses showing a profit or loss on an individual or a business
  3. 7. when a lender lends money to a borrower
  4. 9. a legal obligation to compensate a person harmed by one's Acts or ommissions
  5. 11. represents a share of ownership in a company
  6. 13. a long term loan used for paying for a house
  7. 14. the difference between the total cost of merchandise and the selling price
  8. 16. deposit, usually equal to a month's rent for an apartment or house that is used to repair any damage that you may have caused while renting
  9. 18. the person named in the insurance policy to receive the insurance benefits
  10. 20. a company or individual unable to pay their debts, under legal regulation to protect creditors
  11. 22. various amounts taken from the gross pay, such as taxes and insurance
Down
  1. 1. income the government receives from taxes and other sources
  2. 3. the difference between what your house and property are worth and what you owe
  3. 4. causes of loss, such as fire, wind or theft
  4. 5. an insurance payment
  5. 8. the person for whom the insurance coverage has been purchased
  6. 10. the amount of increase in the value of a property
  7. 12. coverage, provides protection for the insured driver when he collides with another moving or stationary object, even if he is at fault
  8. 15. a percentage of the sale that is received by the salesperson; broker's fee for services
  9. 17. money put into a business or institution to produce more money
  10. 19. tax, a direct tax added to the price of goods or services
  11. 21. for the Christian, represents 10% of their gross income