Across
- 4. made as a loan to a government entity, company, non-profit organization, for a stated amount of time and on which the investor (bond buyer) receives interest. Interest is usually paid periodically over the pre-determined time.
- 6. a savings account that pays interest based on current interest rates. Money market accounts pay higher interest rates than other savings options and usually require a higher minimum balance.
- 7. shares or pieces of a corporation's assets and earnings
- 10. contracts sold, usually by insurance companies, for which the buyer pays regular premiums for a specified time, and then receives a stated amount of money per month or year for life, usually beginning with the time of retirement
- 11. a contract between an insurance company and customer that states the terms of the coverage, the limitations, and the premiums
- 12. interest paid on the original principal in an account, disregarding any previously earned interest
Down
- 1. bank charges for different services for different types of accounts
- 2. interest that is calculated on the latest balance, including all previously accumulated interest that has been added to the original principal
- 3. a bank or credit union account in which the money deposited earns interest so there will be more money in the future than originally deposited. The owner of the account can make deposits and withdrawals at any time without penalty.
- 5. premiums for different aspects of insurance that vary with amount of coverage, deductibles, and various risk factors
- 8. the amount of money paid by the customer to the insurance company for specified coverage as stated in the policy
- 9. the amount available in an account for a person, business, or organization to spend. Some types of savings accounts have limitations on time and amount of withdrawals allowed without penalty.