Across
- 1. are debt securities issued by local governments or their agencies to finance public projects, such as schools, highways, or hospitals.
- 3. is the possibility of loss or damage in an investment, business, or financial decision.
- 5. is a type of security that represents ownership in a corporation, giving shareholders voting rights and a share of the company’s profits, typically paid in cash or additional stock.
- 8. is a loan that is backed by collateral, meaning the lender can claim the collateral if the borrower defaults on the loan.
- 10. is a professional who buys and sells securities on behalf of clients, typically earning a commission for each transaction.
- 11. is money that is set aside for future use, typically in a bank account, and not spent immediately.
- 14. are taxes withheld from an employee’s salary by an employer to fund social security, healthcare, and other government programs.
- 16. are individuals or institutions to whom money is owed.
- 17. are the amount paid by policyholders to insurance companies for coverage under an insurance policy.
- 19. is a tax-advantaged retirement savings account that allows individuals to set aside money for retirement, often with tax-deferred growth.
- 20. is a type of bank account that allows the account holder to withdraw funds at any time without any advance notice, typically a checking account.
- 22. is a portion of a company’s earnings that is distributed to its shareholders, usually paid in cash or additional stock.
- 23. is a security that represents ownership in a corporation, typically giving the holder rights to vote and receive dividends.
- 25. is assets pledged by a borrower to secure a loan, which can be seized by the lender if the borrower defaults on the loan.
- 27. is a type of stock that gives shareholders priority over common stockholders in receiving dividends and assets in the event of liquidation but usually does not carry voting rights.
- 28. are deductions taken from an employee's salary after taxes have been applied, such as retirement contributions or charitable donations.
Down
- 2. is the practice of spreading investments across various asset classes to reduce risk and increase the potential for return.
- 4. is a U.S. government agency that insures deposits in member banks up to a certain limit, protecting depositors from the loss of their money in the event of a bank failure.
- 6. is the date on which the principal amount of a bond, loan, or other financial instrument becomes due and payable.
- 7. is a loan that is not backed by collateral, meaning the lender has no claim on the borrower’s assets in the event of default.
- 9. are deductions taken from an employee’s salary before taxes are applied, such as contributions to retirement plans or health insurance premiums.
- 12. is the percentage at which interest is charged or paid for the use of money, usually expressed as an annual percentage.
- 13. is a non-profit financial cooperative that provides banking services to its members, including savings accounts, loans, and other financial services.
- 15. is failure to fulfill a financial obligation, such as failing to make loan payments as agreed.
- 18. is a company that provides financial services, such as banks, credit unions, insurance companies, and investment firms.
- 21. is the amount an insured person must pay out of pocket before an insurance policy will cover the remaining costs of a claim.
- 24. is a provision that removes certain income, property, or transactions from taxation or reduces the amount subject to tax.
- 26. is an investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.