Unit 2 Vocabulary ANSWER KEY

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Across
  1. 2. settling a dispute by agreeing to accept the decision of an impartial outsider.
  2. 3. a type of insurance in which the insured pays a share of the payment made against a claim.
  3. 5. An arrangement to receive cash, goods, or services now and pay for them in the future.
  4. 6. A voiding, invalidation.
  5. 7. an estimate of income and expenditure for a set period of time.
  6. 8. Generally construed as invitations for offers unless specific as to price, quantity and terms.
Down
  1. 1. An amount paid to an employee based on a percentage of the employee's sales.
  2. 4. something, typically money, that is owed or due.
  3. 5. having the assets, income, and tendency to repay debt.