Across
- 2. The failure to accomplish what is required by law or duty(10)
- 4. An unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee (6)
- 5. Borrower's pledge of specific property to a lender, to secure repayment of a loan (10)
- 8. Financial institution that connects surplus and deficit agents(12)
- 9. Financial contract obligating the buyer to purchase an asset at a predetermined future date and price(7)
- 10. Short-term government security(8,4)
- 13. Represents assets in the form of publicly collected funds that are invested in various ways(10)
- 14. A real-time gross settlement system in US(7)
- 15. Typical mass-market banking for individual customers (6)
Down
- 1. A non-cash expense associated with reducing a fixed asset’s book value due to general wear and tear over time(12)
- 3. Intended to protect investors who do not have the necessary knowledge and information to judge whom they can entrust with their savings(7,9)
- 6. Document which can be used to carry out a financial transaction(10)
- 7. To reduce the amount in an account(6)
- 11. Items owed by an organization or claims against its assets(9)
- 12. Person who undertakes to repay a debt, if the person who raised a loan defaults.(9)