Across
- 2. a debt security
- 5. an interest-bearing deposit account held at a bank or other financial institution
- 6. the interest you earn on interest
- 8. what employees earn before taxes, benefits and other payroll deductions are withheld from their wages
- 12. the amount an employee receives after all deductions and taxes are taken out
- 13. a statement of all transactions made between entities
- 14. a financial institution that is licensed to accept checking and savings deposits and make loans
- 15. a loan that requires an asset as collateral
- 16. a type of short-term borrowing where a lender will extend high-interest credit based on your income
- 17. predicts how likely you are to pay back a loan on time
- 18. a security that represents the ownership of a fraction of the issuing corporation
- 19. a company that pools money from many investors and invests the money in securities
Down
- 1. a quick and easy method of calculating the interest charge on a loan
- 3. the process of shifting an economy away from a single income source toward multiple sources from a growing range of sectors and markets
- 4. an interest rate on a loan or security that fluctuates over time because it is based on an underlying benchmark interest rate or index that changes periodically
- 6. a savings account that holds a fixed amount of money for a fixed period of time
- 7. a statement that has information about your credit activity and current credit situation
- 9. profits gained from the sale of capital assets
- 10. a financial institution that offers services like banks but is run by its members
- 11. an unchanging rate charged on a liability, such as a loan or mortgage