Across
- 3. purest and most basic form of corporate ownership
- 4. business owned by one person operated for their profit
- 7. an intermediary that channels savings into loans and investments
- 8. amount by which the sale price of an asset exceeds the purchase price
- 12. the art and science of managing money
- 15. long-term debt instrument used by governments and businesses
- 16. must be paid prior to payment of any dividends to common stockholders
- 17. a firm's chief financial manager
- 19. financial market in which preowned securities are traded
- 21. rate at which additional income is taxed
Down
- 1. the highest price offered to purchase a security
- 2. entity created by law
- 5. the chance that the actual outcome may differ from those expected
- 6. enables suppliers and demanders of long-term fund to make transactions
- 9. groups who have a direct economic link to the firm
- 10. periodic distribution of cash to the firm's stockholders
- 11. a firm's chief accountant
- 13. income from the sale of a firm's goods/services
- 14. a firm's taxes divided by its taxable income
- 18. group of institutions that engage in lending activities, much like traditional banks, but do not accept deposits
- 20. lowest price at which a security is offered for sale