Across
- 6. When there isn't enough money in an account to cover a transaction or withdrawal, but the bank allows the transaction anyway.
- 7. A formal agreement where you lend money to a borrower
- 9. A portion of a company’s earnings distributed to its shareholders
- 10. The ease with which an asset can be converted to cash without serious loss.
- 12. What a person owns, such as cash, stocks, real estate, and personal possessions
Down
- 1. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
- 2. Additional benefits more than just a paycheck offered by an employer.
- 3. The process by which loan payments are applied to the principal, or amount borrowed, as well as the interest on a loan according to a set schedule
- 4. The extent to which a person or company is considered suitable to receive financial credit, often based on their reliability in paying money back in the past
- 5. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
- 8. A person who takes full responsibility for paying back a loan, along with the primary borrower.
- 11. A compulsory payment by individual/organizations to the government; fees placed on income, property, or goods to support government programs.