Personal Finance

3. interest calculated on the initial principal.
4. property or other asset that a borrower offers as a way for a lender to secure a loan.
6. Coverage that helps cover medical and legal fees if you are legally responsible for injury or damage.
8. insurance that provides income in the event a worker is unable to perform their work and earn money due to a disability.
10. interest calculated on the initial principal and accumulated interest of previous periods of a deposit or loan.
12. amount paid out-of-pocket for covered expenses before an insurance company will pay the remaining costs.
14. the estimate of future revenues and expenditures.
16. a type of coverage that helps pay to replace or repair your vehicle when not in a collision.
19. a type of coverage that protects your vehicle when you are NOT at fault
20. the annual rate charged for borrowing or earned through an investment. Expressed as a percentage that represents the actual yearly cost over the term of the loan.

1. insurance policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft.
2. type of insurance coverage that pays for medical and surgical expenses incurred by the insured.
5. this coverage helps pay for medical bills of anyone when you are not at fault.
7. a insurance policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident.
9. a formal contract issued by a corporation or other entity that includes a promise to repay borrowed money with interest at fixed intervals.
11. the money a saver (investor) receives above and beyond the sum of money initially saved (invested).
13. provides income during retirement or for those who are disabled.
15. specified amount of payment required periodically by an insurer to provide coverage under a given insurance plan for a defined period of time.
16. the ability to repay a loan
17. Possibility of loss or injury
18. certificate of ownership in a corporation.