Across
- 4. An executor is someone who is responsible for executing, or following through on, an assigned task or duty.
- 6. A range of income amounts that are taxed at a particular rate
- 8. which is how likely the borrower will honor debt obligations
- 12. formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury
- 13. which refers to a borrower's history of paying obligations.
- 20. which refers a borrower's ability to repay and is usually measured by current income and level of outstanding debt.
- 21. A form of property insurance, available to renters, that covers losses to their personal property and protects the insured person from liability claims
- 22. A contract between the insurance company and the insured that states the exact terms of the policy
- 24. a person who has died without having made a will.
- 25. Profit from the sale of an asset, such as a stock or a bond, calculated by subtracting the price you initially paid from the price you then sold it for
- 26. a charge consumers pay when they fail to make a payment on a debt
- 29. the out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss
- 30. Gift aid typically based on financial need, such as the Federal Pell Grant.
- 34. Federal loans for students with need; interest does not accrue while in school.
- 35. An inspection of a filer's tax return by the IRS
- 36. The portion of an employee's wages that is not included in their paycheck because it goes directly to federal, state and local taxes
- 40. process of gradually paying off a debt or spreading the cost over time through regular payments or expensing, ensuring the full amount is accounted for by the end of a set period
Down
- 1. Gift aid based on merit (grades, skills) or specific criteria.
- 2. Failure to repay a loan according to the agreed terms.
- 3. Notification from a school listing the financial aid package offered
- 5. which refers to assets the borrower has that could be taken by the lender if the borrower fails to repay
- 7. an amount to be paid for an insurance policy.
- 9. An amount that a government gives back to a taxpayer who has paid more taxes than were due
- 10. The chance of something happening or not happening within a certain number of occurrences
- 11. A person who takes care of money or other assets for another person.
- 14. A tax paid on purchases of a specific good, like gasoline or cigarettes
- 15. which refers to the overall health of the economy and specifics of the loan.
- 16. which refers to savings and other assets one can use to repay.
- 17. federal law requiring lenders to give consumers clear, standardized information about loan costs before they sign a contract
- 18. expose to danger
- 19. An estimate of what premium you would pay for a certain insurance coverage plan
- 23. The Free Application for Federal Student Aid,
- 27. when a financial institution lends someone money to cover an expense
- 28. Person who owns the insurance policy
- 31. A situation involving exposure to danger, harm, or loss
- 32. Federal loans not based on need; interest accrues immediately.
- 33. your history of repaying debts, which affects your ability to borrow more
- 36. A form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck
- 37. a legal arrangement in which the grantor allows a third party, the trustee, to manage assets on behalf of the beneficiaries of the trust
- 38. court-supervised legal process of settling a deceased person's estate
- 39. When someone with insurance endures a negative outcome