LIBF - Unit 4 - Topic 6

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Across
  1. 3. The average amount of loss that someone could expect to face, eg loan defaults.
  2. 7. A form of Islamic home purchase plan.
  3. 8. A loss in excess of unexpected loss, which is unlikely but that could conceivably happen.
  4. 9. Changeability, as when the value of an investment moves up and down significantly in a short period.
  5. 13. Where an infectious disease spreads rapidly to many people across a large region.
  6. 15. The actual rate of interest received by a saver.
  7. 16. significant event that happens without warning and that has large and lasting effects on political, economic, and social systems, eg the Coronavirus (Covid-19) pandemic.
  8. 17. The ratio of the size of the loan to the value of the property.
  9. 18. An employee of a financial provider who must be informed of suspicious activity in the business that might be linked to money laundering or terrorist financing, and if necessary report it.
  10. 19. A product where the customer pays a lump sum (the proceeds of a pension fund on retirement) and, in return, receives an agreed set annual amount for the rest of their life.
  11. 20. An investment made in a company that takes into account the wider impact of its activities on society and the environment.
  12. 21. A situation where terrorists deliberately attack computer networks by uploading viruses that cause links and files to malfunction and data to be deleted.
Down
  1. 1. The amount by which the actual loss might exceed the expected loss.
  2. 2. The collective name for organisations that are funded through general taxation, eg schools, healthcare, some welfare services.
  3. 4. A form of Islamic home purchase plan.
  4. 5. Rules that devout Muslims follow, which, in relation to personal finance, prohibit the paying and receiving of interest, which virtually excludes a strict Muslim from doing any borrowing.
  5. 6. Interest paid without tax deducted.
  6. 10. Separating the deposit-taking part of a bank or building society from the rest of its business.
  7. 11. Where risk can only have a downside, eg loss of or damage to possessions.
  8. 12. Rising in line with inflation.
  9. 14. Where risk can have either a good or a bad outcome, eg a financial loss or a financial gain.