Ch.8 vocab

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Across
  1. 3. a card authorizing the user to buy goods and services with funds borrowed from the bank, store, or other business that issued the card
  2. 8. a method of lowering risk by investing in a wide variety of financial assets
  3. 9. the amount of money borrowed, or the amount of money still owed on a loan, apart from the interest
Down
  1. 1. the income return on an investment, such as interest paid on a bond or dividends paid on a stock
  2. 2. anything owned to which a market value can be assigned
  3. 4. using money with the intention of making a financial gain
  4. 5. a card authorizing the user to access his or her own funds on deposit in a bank account; a debit card can be used to buy goods and services or to withdraw money directly from an account
  5. 6. a business whose main purpose is to receive deposits and make loans
  6. 7. an investment that represents a loan to a government or corporation and guarantees the lender a fixed rate of interest over the term of the loan, with repayment of the principal at the end of the term
  7. 10. a periodic payment for the use of borrowed funds; interest is paid on a loan