Financial Literacy Vocabulary - Unit 1

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Across
  1. 3. the difference between the wholesale price and the retail price.
  2. 4. A piece of ownership in the company, mutual fund or investment.
  3. 7. The amount you must pay before you receive any benefits from your insurance company.
  4. 12. Having to do with a person’s honesty and moral attributes.
  5. 15. The state or quality of being obligated according to law or equity.
  6. 16. To bargain for a lower price.
  7. 17. Process of quantifying costs and benefits of a decision.
  8. 18. A list of your investments
  9. 19. Relationship of reward compared to the amount of risk taken.
  10. 22. Paperwork filed with an insurance company in order to get them to cover a loss.
  11. 24. Describes the type of coverage in an insurance agreement.
  12. 25. Degree of uncertainty of return on an asset.
  13. 26. Type of expense that you pay when insurance only covers a portion of the cost.
  14. 27. The process of setting money aside to create wealth over time.
Down
  1. 1. Amount you pay periodically to purchase different types of insurance.
  2. 2. Type of yard sale with more items, usually the entire contents of a household.
  3. 5. The recipient of assets passed on from the death of a friend or relative.
  4. 6. A public sale in which property or items of merchandise are sold to the highest bidder.
  5. 8. Retail store where people sell items and the owner of the shop gets a percentage of the sale.
  6. 9. The practice of dividing the money a person invests between several types of investments in order to lower risk.
  7. 10. The power to walk away from a purchase when negotiating.
  8. 11. Repossession process initiated by mortgage holder when a homeowner fails to pay the payment on the loan.
  9. 13. Quality of an asset to be converted quickly into cash without loss of value.
  10. 14. Securities that represent part ownership or equity in a corporation.
  11. 20. Account or arrangement in which a person puts his/her money for long-term growth.
  12. 21. A legally enforceable declaration of how a person wishes his or her property to be distributed after death.
  13. 23. Applies to the amount of protection you have through an insurance company in the event of a loss.