Across
- 2. is the recipient of funds or other benefits from insurance policies.
- 5. The amount of money borrowed, or the amount of money still owed on a loan.
- 8. is used when a person is sick.
- 10. is used when a person is not capable of working.
- 15. your payment before an insurance company begins coverage.
- 16. risk transfer to a third party.
- 17. Interest on the original loan.
- 18. A business whose purpose is to receive deposits and make loans.
- 19. interest paid on both the original loan and interest earned.
Down
- 1. All social classes pay the same percentage rate.
- 2. investments that represent a loan to gov't or corporation
- 3. more money is taken out based on a larger pay check(federal tax)
- 4. insurance that protects your belongings from theft and destruction.
- 6. A periodic payment for the use of borrowed funds.
- 7. Amount paid on an insurance policy per a given time period.
- 9. occurs when benefits outweigh the cost.
- 11. benefits survivors or the deceased.
- 12. investments that represents ownership in business(risky)
- 13. a collection of securities chosen and managed by a group of professional fund managers
- 14. smaller amount of money taken out of paycheck.