Across
- 1. a failure to pay a loan or other debt obligation
- 5. property or assets a lender can take ownership of when a loan is not repaid
- 9. the goods or materials a business currently has on hand
- 10. a list of goods or materials a business holds for sale
- 12. any financial expense or amount owed
- 13. wealth in the form of money or property owned by a business
- 14. the fixed costs associated with operating a business
Down
- 2. things you own
- 3. a person who promises to repay a loan if the borrower cannot meet the repayments
- 4. the total revenue a business earns minus its total expenses
- 6. the value of ownership interest in the business, calculated by deducting liabilities from assets
- 7. how much of the original amount is still owing on a loan
- 8. a lending term for when a customer purchases a good or service with an agreement to pay at a later date
- 11. the percentage of a company's earnings that is paid to its shareholders