Test 3

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Across
  1. 5. the amount of money a driver will pay to repair their car after an accident
  2. 10. protects the bank against nonpayment of a mortgage. Private Mortgage Insurance (PMI) and Mortgage Insurance Premium (MIP) are two types of mortgage insurance
  3. 11. a policy holder’s request for payment from their insurance company after an accident
  4. 14. a pause to student loan payments; a qualifying reason is not necessary
  5. 15. the amount of money currently owed on a loan
  6. 18. a loan where interest only accrues on the principal, interest does not roll into the principal making it larger
  7. 20. the amount of money an investment earns
  8. 21. a pause to student loan payments; a qualifying reason is necessary
  9. 22. a good buy, a discount over another similar item
  10. 24. a simple interest home loan
  11. 26. take out a loan to purchase a car
  12. 27. a set dollar amount of money owed for a healthcare service or prescription, based on the insurance plan
  13. 29. a written order from your PCP to see a specialist
  14. 31. a doctor who specializes in one area of medicine
Down
  1. 1. the price for one unit of measurement, such as ounce, pound, gallon, etc.
  2. 2. an employer-sponsored retirement plan; funds are tax deductible
  3. 3. an amount of money paid at a mortgage's closing date
  4. 4. a type of insurance that protects you financially if your car is damaged by a storm, fire, hitting an animal or other “Acts of God”
  5. 6. the portion of repair costs the insurance policy holder is required to pay after an accident
  6. 7. a guarantee that a car will meet certain requirements within a set amount of time
  7. 8. a type of insurance that protects you financially if you are in an accident, whether it is your fault or not
  8. 9. Primary Care Provider; your doctor
  9. 12. a sum of money paid on purchase day
  10. 13. an amount of money used to pay for college that does not have to be paid back; based on need
  11. 16. grants, scholarships and loans to pay for college
  12. 17. failure to pay a loan
  13. 19. renting a car, usually longer than one year
  14. 23. the percentage rate used to calculate the amount of interest an account, loan or debt will accrue per year
  15. 25. an amount of money used to pay for college that does not have to be paid back; based academics or sports
  16. 28. the duration of a loan
  17. 30. a type of insurance that protects you financially if you hurt another person in an accident