chap11-1 vocab

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Across
  1. 4. company
  2. 5. or documents that represent a claim on the income and property of the borrower; CDs, bonds, Treasury bills, mortgages
  3. 6. that collects and invests income until payments are made to eligible recipients
  4. 9. of savers, investors, and financial institutions that work together to transfer savings to investment uses
  5. 12. service cooperative that accepts deposits, makes loans, and provides other financial services
  6. 15. assets
  7. 17. fund
  8. 18. technique of spreading funds over a large number of investments to reduce the portfolio's overall risk
Down
  1. 1. allowance for someone who has worked a certain number of years, reached a certain age, or who has suffered from an injury
  2. 2. that channel savings to investors; banks, insurance companies, savings and loan associations, credit unions
  3. 3. dollars that become available for investors to use when others save
  4. 6. intermediaries
  5. 7. union
  6. 8. that makes loans directly to consumers and specializes in buying installment contracts from merchants who sell on credit
  7. 10. of deposit (CD)
  8. 11. system
  9. 13. showing that an investor has made an interest-bearing loan to the financial institution
  10. 14. such as money, given or received as an equivalent for goods or services, injury, debt, or high risk
  11. 16. quarterly, semiannual, or annual price paid for an insurance policy