PuzzleType=Crossword PuzzleTitle=Types of Debt PuzzleDate= PuzzleAuthor= PuzzleCopyright=Play Games...Pass the Test © TESTivity PuzzleBackgroundColor=#FFFFFF GridBackgroundColor=#DFDFDF PuzzleTextColor=#000000 PuzzleTextSize=Normal CrosswordAllowCheck=True CrosswordAllowRevealWord=False CrosswordAllowRevealLetter=True CrosswordAllowSolve=False CrosswordForceUpperCase=True PuzzleUseTimer=True GridShadow=3 GridWidth=19 GridHeight=30 GridValues=0 0 0 0 1f1a1n1n1i1e1m1a1e0 0 0 0 1s0 0 0 0 0 0 1r0 0 0 0 0 0 0 0 0 0 0 1a0 0 0 0 0 0 1b0 0 0 0 0 0 0 0 0 0 0 1l0 1f1r1e1d1d1i1e1m1a1c0 0 0 0 0 0 0 1l0 0 0 1x0 0 1t0 0 0 0 0 0 0 1t0 0 0 1i0 0 1r1e1t1i1r1e1m1e1n1t0 0 1r0 0 0 1e0 0 0 1m0 0 1a0 0 0 0 0 1p1h1a1n1t1o1m0 0 0 1p0 0 1g0 0 0 1d0 0 0 1n0 0 0 1a0 0 0 1t0 1s1e1c1u1r1e1d0 0 1c1m1o0 1e0 0 0 0 0 1a0 0 0 0 1b0 0 0 1h0 0 0 0 0 0 0 0 0 1f0 0 0 0 1e1x1p1r1e1s1s0 0 0 0 0 0 0 1e0 1t0 0 1n0 0 0 1s0 0 0 0 0 0 0 1s0 1t0 1r0 0 1t0 0 0 0 0 0 0 0 0 0 0 1t0 1y0 1e0 1j1u1n1k1b1o1n1d0 0 0 0 0 1r0 0 0 1a0 0 1r0 0 0 0 0 0 0 0 0 0 0 1i1n1v1e1s1t1m1e1n1t0 0 0 0 0 0 0 0 0 1p0 0 0 1u0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1c1e1r1t1i1f1i1c1a1t1e1s0 0 0 0 0 0 0 0 0 1y0 0 0 0 0 0 1r0 0 0 0 1o0 1c1a1l1l1a1b1l1e0 1f1e1d1e1r1a1l0 1b0 1o0 0 0 0 1i0 0 0 0 0 0 1a0 0 0 0 1l0 1l0 0 0 0 1l0 0 0 0 0 0 1s0 0 1g0 1i0 1l0 0 0 0 1l0 0 0 1r1e1f1u1n1d1i1n1g0 1a0 0 0 0 0 0 0 0 1e0 0 1r0 0 1n0 1a1s1t1r1i1p0 0 0 0 0 1v0 0 1y0 0 1n0 1t0 1e0 0 0 0 0 0 0 0 1e0 0 1n0 0 1i0 1i1t1r1e1a1s1u1r1y1b1o1n1d0 1o0 1e1e0 1o0 1a0 1a0 0 0 0 0 0 1u0 0 1t0 0 1m0 1n0 1l0 1a0 1t1r1i1p1l1e0 0 1e0 0 1a0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1e0 0 Checksum=1726733413 CWA=Federal National Mortgage Association (2 words) CWA=Federal Home Loan Mortgage Corporation (2 words) CWA=The most appropriate place to recommend the purchase of a Zero-Coupon Bond is in a(n) ________ account. CWA=Zero-Coupon Bonds expose the investor to ______ income tax liability. CWA=Equipment Trust Certificates, Collateral Trust Bonds and Mortgage Bonds are ________ bonds. CWA=A brokerage firm can create a(n) _____ by purchasing pools of mortgages from government agencies. CWA=Government National Mortgage Association has a(n) _______ backing of the US Government, while the other agencies have an implied backing. CWA=A bond with a rating lower than BBB is called high yield or _______. (2 words) CWA=A financial rating of BBB or higher is considered _______ grade. CWA=Equipment Trust _______ are commonly issued by transportation companies and are secured by trucks, railroad cars, airplanes, etc. CWA=A corporation might issue _______ debt in an environment of high or declining interest rates. CWA=Interest received from treasury bonds is fully taxable at the _______ level. CWA=A cost savings mechanism which entails calling existing bonds issued with high interest rates and issuing new bonds at prevailing lower interest rates. CWA=Another name for Zero-Coupon Bond. CWA=Marketable U.S. government debt, fixed interest rate, semi-annual interest payments, matures in 10 or more years. (2 words) CWA=Series ___ Bonds are commonly purchased to fund a child's education. CWA=Municipal bonds are appropriate for investors in high tax brackets since interest paid is _____ tax free. CWD=If the investor would profit by converting the bond and selling the stock, he/she has a(n) ________ opportunity. CWD=Student Loan Association (2 words) CWD=Interest received from Treasury bonds is ______ from state and local income tax. CWD=CMOs typically separate mortgage pools into short, medium, and long-term maturities called ______. CWD=A type of bond that is not secured by any underlying asset. CWD=The ______ of an IDR depends on the creditworthiness of the tenant corporation. CWD=Marketable U.S. government debt, sold at a discount, matures at face value in less than 1 year. (2 words) CWD=This type of bond makes no periodic interest payments, but instead is sold at a discount and matures at PAR. CWD=Marketable U.S. government debt, fixed interest rate, semi-annual interest payments, matures in at least 1 but less than 10 years. (2 words) CWD=General ______ bonds are the safest and most commonly issued type of municipal bonds. CWD=________ Trust Bonds are generally issued by insurance companies and financial institutions; and are secured by marketable securities. CWD=Government National Mortgage Association (2 words) CWD=________ bonds are issued by municipalities to fund income producing facilities like toll roads and stadiums. CWD=It's widely accepted that ___ is the highest financial rating for a bond.