definitions

Across 5: Equities, or equity securities, issued as ownership shares in a publicly held corporation. Shareholders have voting rights and may receive dividends based on their proportionate ownership. 20: Long-term debt issued by private corporations typically paying semiannual coupons and returning the face value of the bond at maturity. 28: Commitment of current resources in the expectation of deriving greater resources in the future. Down 1: Spreading a portfolio over many investments to avoid excessive exposure to any one source of risk. 3: Bonds; also called fixed-income securities. 6: New issues of securities are offered to the public here. 8: Money invested to finance a new, not yet publicly-traded firm. 10: Principles underlying analysis and evaluation of rational portfolio choices based on riskreturn trade-offs and efficient diversification. 12: Pooling loans for various purposes into standardized securities backed by those loans, which can then be traded like any other security. 14: Choosing the particular securities to include in a portfolio.