Across
- 1. This is the party whose name is written on the cheque.
- 3. A type of bank account NOT required for day to day transaction.
- 7. This is the lump sum of about 50% of the assured given to him upon retirement.
- 8. This is a place where money and other valuables are kept until the owner requires it.
- 9. This is a scheme whereby 50% of the total contribution of an assured is paid to him as a spread monthly over a long period of time.
- 11. A type of cheque that money must first be paid into an account before it could be withdrawn.
- 12. The party to a cheque called the financial institution.
- 13. This is a special kind of accounts where monies not needed for immediate use are deposited over an agreed period of time.
Down
- 1. This is the written agreement between the insurance company and its clients.
- 2. A type of bank account mainly used for day to day business transaction.
- 4. This type of insurance provides compensation for air mishap.
- 5. This insurance covers unfortunate events that might occur when goods and passengers travel by sea.
- 6. A type of cheque that can be cashed across the counter because it does not have lines drawn across its face.
- 9. This is a fixed amount paid regularly by the insured to maintain or continue the insurance contract.
- 10. This is a type of cheque that could be cashed by anybody who presents it for payment.