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