Unit 4 Review

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Across
  1. 1. the money I pay upfront for my insurance policy
  2. 2. Renting the car long term while the title remains with the dealership
  3. 3. The landlord will use this for repairs when the tenant moves out
  4. 5. The out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs
  5. 6. Being _____ down on a car loan means you owe more money on your car than it is worth
  6. 8. The car I bought 4 years ago was $20,000 now it's only worth $10,000
  7. 9. A loan for the purchase of real estate that uses the property as collateral
  8. 10. the person who rents a property from a landlord is called a _______
Down
  1. 1. the person who owns the insurance policy
  2. 4. ______, employer and the government are the 3 sources of insurance.
  3. 5. I wanted a mortgage, but was told I needs to pay 3% of the purchase price upfront in order to obtain it
  4. 7. protects the lender in case you are unable to make your mortgage payments