commerce glossary

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Across
  1. 2. The company that is providing the insurance
  2. 7. A loan from a financial institution such as a bank where something is held as security in case the loan is not repaid, e.g. a house
  3. 8. A list of income and likely expenditures
  4. 10. The person or persons who rents a property from a landlord
  5. 11. The person who is covered by the insurance policy
  6. 13. The things that an insurance policy covers
  7. 16. The things that an insurance policy will not specifically cover
  8. 17. A person who has agreed to work for a skilled person for a particular period of time and often for lower wages in order to gain knowledge and skills about a particular job — for example, an apprentice plumber
  9. 18. Items that can be used to reduce your assessable income, thus reducing the amount of tax you pay
Down
  1. 1. The amount of money to be paid to receive insurance cover
  2. 3. Money set aside during your working life for retirement; commonly called ‘super’
  3. 4. A place of shelter which keeps a person safe and protects them from danger — for example, a youth refuge
  4. 5. Money that is lodged with the Rental Bond Board. It is used to cover any damages or cleaning costs if the rented premises are left in an unsatisfactory condition
  5. 6. The person who owns the premises being rented
  6. 9. The payment of an amount of money that covers a person or property in the event of loss, damage or accident so that the person does not suffer a severe financial setback
  7. 12. An organisation supplying the community with a service such as water, gas or electricity
  8. 14. A legal contract between a tenant and a landlord that allows the tenant to use the landlord’s property in return for rental payments. Once a lease is signed, it is a legally binding document
  9. 15. A promise to repair any defects that are in a product