Chapter 11 Lesson 2

5. someone who inherits the ownership of the Financial asset if the purchaser dies
6. low denomination non transferable bonds issued by the U.S government
9. the rate of interest that is paid on the par value
11. a market in which money is loaned for more than one year
13. a market where only the original issues can sell or repurchase an asset
14. the life span of a loan
15. long term,tax sheltered time deposits that can be set up as part of a retirement plan
17. the U.S government obligations with maturities of 2-10 years
19. bonds issued by state and local government

1. the annual interest divided by the Purchase price
2. the federal government does not tax the interest paid to investors
3. where existing financial assets can be resold to new owners
4. the amount borrowed and consequently the amount that has to be paid back on time
7. a market in which money is loaned for less than one year
8. have a maturity of 20-30 years
10. increased levels of risk
12. a short term obligation with a maturity of 4,13,26,0r 52 weeks and minimum denotation of $100
16. a loan
18. lower rated business bonds