Across
- 4. the consumption and savings opportunity gained by a person within a specific time
- 8. provision in an insurance policy eliminating coverage for certain risks or limiting coverage
- 9. an accounting entry acknowledging sums that are owing
- 11. provide probabilities based on deaths per 1,000 living that are expected to die in a given year
- 15. independent agency of the federal government created by congress in 1933
- 18. an individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual
- 19. a contractual agreement in which on party receives something of value now and agrees to pay the lender in the future
- 20. exists whenever there is uncertainty about the outcome
- 21. provides protect when you are held legally responsible coverage for bodily injury and property damage caused by an auto accident
- 24. provides protection from theft, fire, windstorm, hail, flood, falling objects, collision with a bird or animal
- 25. form of bankruptcy that allows an individual to submit a plan to repay debts in 3 to 5 years
- 26. person or business that receives the credit
- 28. a document issued by an insurance company to its policyholder that provides details about what is covered
- 32. sets the maximum amount of interest that can be charged for a loan
- 33. requires the debtor to liquidate nonexempt property to repay creditors
- 34. a portion of a covered loss that is not paid by the insurer
- 35. report that summarizes a consumers financial history
- 36. legal proceeding for a person or business unable to pay an outstanding debt
Down
- 1. similar to whole life insurance, but it has flexible premiums that can be increased or decreased based on the insured's needs
- 2. the fee paid to an insurance company in return for the insuring of property and casualty insurance and life and health insurance to individuals or businesses
- 3. provides lifetime protection accrues a cash value and has premiums that remain unchanged during the insured's lifetime
- 5. the cause of a loss such as a fire, flood, theft and earthquake that can cause a loss of life to property and people
- 6. simply a decline in value
- 7. covers your vehicle for damage caused by impact with another vehicle or object or overturn of your vehicle
- 10. amounts paid for goods and services that may be currently tax deductible
- 12. notice by the insured to the insurance company that a loss has occurred and demand for payment for the loss
- 13. similar to universal life insurance but the insured can control where the policy cash value is invested with any capital gains tax liability
- 14. person or business providing credit
- 16. a social and contractual device that transfers the risk of financial loss from individuals or businesses to an insurer
- 17. show the rate of disease, illness or sickness among groups of people according to age or other factors such as gender or occupation
- 19. form of bankruptcy that allows family farmers and fishing business owners to recover from debt
- 22. said to exist whenever the occurrence of a specific event such as fire or theft, results in a financial loss to a person orgnization
- 23. form of bankruptcy that allows businesses to create a plan to "recognize" and pay off their debts over time
- 27. beneficiary is entitled to the policy proceeds if the primary beneficiary has predeceased the insured
- 29. the criminal charges for this type of fraud are usually a felony classification in NC
- 30. a condition that makes a peril more likely to happen or that increases the seriousness of a loss
- 31. one for whom insurance is written