Chapter 10 Vocabulary

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Across
  1. 1. Insurance that covers damage and bodily injury in cases where a driver without insurance is at fault.
  2. 3. Insurance that pays for bodily injury or property damage that a person or his or her automobile causes.
  3. 5. Individual or company whose business is selling cars.
  4. 6. Another name for comprehensive coverage.
  5. 8. Guarantee from a manufacturer that the item purchased will perform to a certain standard or be free of defects for a specified period of time.
  6. 10. Suggested price of a car being sold at an automobile dealer.
  7. 13. Insurance that protects a person's car from a wide range of other hazards, such as theft, storm and hail damage, vandalism and broken windows.
  8. 14. Discount in the price of a car that is result of the trade in of another car.
  9. 15. Optional additional warranty that can be purchased by the consumer.
Down
  1. 2. Most commonly used approach for determining depreciation, the rate of which can be found by dividing average annual depreciation by the original purchase price of an item.
  2. 4. Insurance that protects a person and his or her vehicle in accidents involving the vehicle.
  3. 7. When an asset losses value.
  4. 9. Sales tax, title transfer fee, registration or license fee, and other cost that must be paid at the time a car is purchased.
  5. 11. When the damage to a vehicle reaches or exceeds is value.
  6. 12. Manufacturer's suggested retail price, price of an item set by its manufacturer.