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Economics Crossword

Across
failure to pay interest or principal on a loan or security when due.
the availability of liquid assets to a market or company.
interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
cash and checking deposits,
a deposit of money that can be withdrawn without prior notice.
a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
inconvertible paper money made legal tender by a government decree.
Down
a sum of money lent or invested on which interest is paid.
fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), a large number of customers withdraw cash from deposit accounts
a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
is a quick method of calculating the interest charge on a loan
U.S. corporation insuring deposits in the United States against bank failure.
a dollar bill; a dollar.
measure of the money supply that includes all elements of M1 as well as "near money."