Across
- 4. fund:fund that collects and invests income until payments are made to eligible recipients
- 5. union:nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services
- 7. of deposit (CD):receipt showing that an investor has made an interest-bearing loan to the financial institution
- 10. dollars that become available for investors to use when others save
- 11. assets:stocks or documents that represent a claim on the income and property of the borrower; CDs, bonds, Treasury bills, mortgages
- 13. company:firm that makes loans directly to consumers and specializes in buying installment contracts from merchants who sell on credit
Down
- 1. such as money, given or received as an equivalent for goods or services, injury, debt, or high risk
- 2. technique of spreading funds over a large number of investments to reduce the portfolio's overall risk
- 3. intermediaries:institutions that channel savings to investors; banks, insurance companies, savings and loan associations, credit unions
- 6. allowance for someone who has worked a certain number of years, reached a certain age, or who has suffered from an injury
- 8. system:network of savers, investors, and financial institutions that work together to transfer savings to investment uses
- 9. situation in which the outcome is not certain, but the probabilities can be estimated
- 12. quarterly, semiannual, or annual price paid for an insurance policy