Across
- 3. fund that collects and invests income until payments are made to eligible recipients
- 8. institutions that channel savings to investors; banks, insurance companies, savings and loan associations, credit unions
- 9. receipt showing that an investor has made an interest-bearing loan to the financial institution
- 11. the dollars that become available for investors to use when others save
- 12. monthly, quarterly, semiannual, or annual price paid for an insurance policy
Down
- 1. nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services
- 2. something, such as money, given or received as an equivalent for goods or services, injury, debt, or high risk
- 4. firm that makes loans directly to consumers and specializes in buying installment contracts from merchants who sell on credit
- 5. stocks or documents that represent a claim on the income and property of the borrower; CDs, bonds, Treasury bills, mortgages
- 6. a situation in which the outcome is not certain, but the probabilities can be estimated
- 7. the technique of spreading funds over a large number of investments to reduce the portfolio's overall risk
- 10. network of savers, investors, and financial institutions that work together to transfer savings to investment uses