Personal Finance

4. the amount paid to an insurance company to protect you and your property
5. the person named in life insurance to receive any money you have saved after you die
6. associations created to help individuals with large purchases, such as a house
7. banks that are owned by their members to create a pool of money for low-interest loans
9. using this means you are borrowing money to make purchases
10. legal declaration that an individual cannot pay debts owed
14. government social insurance system set up to assist those who are elderly, disabled or unemployed
17. regulates banks by requiring that they keep a certain amount of money in reserve, also known as The Fed

1. health insurance program for those 65 years and older
2. people who lend money
3. using this allows you to withdraw money from either your savings or checking account
8. low risk stock investment since in buying one of these you are actually buying stock in multiple companies
11. property used to guarantee payment of a loan
12. where shares of stock are bought and sold every working day
13. borrowing money from a bank and having to pay interest on that money
15. funds that buy short-term bonds which have a stable value
16. health insurance program for those with low income