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