Across
- 5. Distributing funds among different types of investments to minimize overall risk.
- 7. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
- 10. The profit from an investment.
- 13. Also called "take home pay," it's the amount of income left after payroll deductions.
- 14. An investment security that is actually a diversified portfolio of equities, bonds or other securities. Investors purchase shares and can sell them at any time.
- 15. The ease with which an asset can be converted to cash without serious loss.
Down
- 1. A rise in value or price.
- 2. Additional benefits, beyond a paycheck, offered by employers (e.g., health insurance, retirement plan).
- 3. The amount of money someone is willing to loan you. Also, the amount that is still owned on a loan.
- 4. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
- 6. The total amount of income from wages before any payroll deductions.
- 8. Employer deductions from employees' earnings to pay employees' taxes.
- 9. The value of personal items that one owns, including savings, investments and property.
- 11. The payment a person makes to an insurance company in exchange for its promise of protection and help.
- 12. An open-ended account with a limit to how much can be borrowed but no time limit for repayment.