Across
- 6. Individuals that make small investments; “friends and family,”
- 7. right to take possession of collateral until a debt is repaid
- 11. one who promises to repay a loan in the event that the debtholder can't make a required payment.
- 12. A loan that provides the borrower a maximum amount of money he/she can borrower
- 14. An obligation you have to pay someone else money. Also called a debt or a loan.
- 16. cash, stocks, bonds; can quickly be turned into cash
- 18. shares of ownership in a company
- 20. assets not already pledged to repay another loan
- 23. A legal agreement that an assets is part of a guarantee to a lender
Down
- 1. Internet phenomenon, where strangers learn about a business online and then decide whether or not to make an investment
- 2. revenues after costs
- 3. The money a person borrows to buy real estate.
- 4. Debt that includes a legal obligation by the borrower to repay the debt personally if the business is unable to make its scheduled debt payment
- 5. A person or a business with a strong credit score that make it likely they will be able to repay any loan.
- 7. Cash or securities that can be immediately turned into cash,
- 8. entitles holder to a portion of a business’ profits
- 9. The date a loan (or debt or liability) is repaid in full.
- 10. good that are pledged to the bank in case loan payment cannot be made
- 13. Money earned when something is sold
- 15. Something of value; Anything worth money.
- 17. Another type of debt (or money you owe someone else) other than a mortgage
- 19. The 12 month period a company uses to report financial results.
- 21. Puzzle #1
- 22. Money paid by a company to a person who owns stock in that company.