Across
- 2. the recipient of funds or other benefits from insurance policies
- 5. the amount of money borrowed, or the amount of money still owed on a loan
- 8. used when a person is sick
- 10. used when a person is not capable of working
- 15. your payment before an insurance company begins coverage
- 16. risk transfer to a third party
- 17. interest on the original loan
- 18. A business whose main purpose is to receive deposits and make loans
- 19. interest paid on both the original loan and interest earned
Down
- 1. all social classes pay the same percentage
- 2. investment that represents a loan to gov't or corporation
- 3. more money is taken out based on a larger pay check (federal tax)
- 4. insurance that protects your belongings from theft and destruction
- 6. a periodic oayment for the use of borrowed funds
- 7. amount paid on an insurance policy per a given time period
- 9. occurs when benefits outweigh the cost
- 11. benefits survivors or the deceased
- 12. investments that represents ownership in business (risky)
- 13. a collection of securities chosen and managed by a group of professional fund managers
- 14. smaller amount of money take out of pay check