Across
- 2. The written pledge of a government or a municipality to repay a specified sum of money, along with interest.
- 5. Money that a business obtains from its owners.
- 9. A special account in which the employee sets aside a portion of his or her income; taxes are not paid on the principal or interest until money is withdrawn from the account.
- 11. investment - A high-risk investment made in the hope of earning a relatively large profit in a short time.
- 13. A qualified pension plan in which tax-deductible contributions fund the retirement of self-employed people and their employees; also called a self-employed retirement plan.
- 16. A distribution of money, stock, or other property that a corporation pays to stockholders.
- 17. An employee’s right to at least a portion of the benefits accrued under an employer pension plan, even if the employee leaves the company before retiring.
- 19. bond - A corporation’s written pledge to repay a specified amount of money, along with interest.
- 21. Pools the money from investors to invest in a variety of securities.
- 22. cycle The increase and decrease in a nation’s economic activity.
- 23. A retirement savings plan—profit sharing, money purchase, Keogh, or 401(k) that provides an individual account for each participant; also called an individual account plan.
- 24. A pension plan that specifies the benefits the employee will receive at the normal retirement age.
Down
- 1. The study of how wealth is created and distributed.
- 3. The date on which a corporation, government, or municipality will repay the borrowed money.
- 4. A contract that provides a regular income, typically for as long as the person lives.
- 6. An amount of money you can obtain quickly in case of immediate need.
- 7. The total income you receive on an investment over a specific period of time divided by the original amount invested.
- 8. A retirement account for which contributions are not tax deductible, but earnings accumulate tax free.
- 10. All the different management fees, 12b-1 fees, if any, and fund operating costs for a specific mutual fund.
- 12. A short-term loan that is approved before the money is actually needed.
- 14. A plan under which employees can defer current taxation on a portion of their salary.
- 15. A mortgage in which the lender uses the borrower’s house as collateral to buy an annuity for the borrower from a life insurance company; also called an equity conversion.
- 18. The ability to buy or sell an investment quickly without substantially affecting the investment’s value.
- 20. allocation The process of spreading your assets among several different types of investments (sometimes referred to as asset classes) to lessen risk.