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Across 11: Choosing the particular securities to include in a portfolio. Down 1: Choosing the particular securities to include in a portfolio. 3: 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. 5: Already existing securities are bought and sold on the exchanges or in the OTC market. 7: Firms specializing in the sale of new securities to the public, typically by underwriting the issue. 9: Determining correct value of a security in the marketplace. 11: Bonds; also called fixed-income securities. 13: Money invested to finance a new, not yet publicly-traded firm. 15: Investment in a company that is not traded on a stock exchange. 18: Commitment of current resources in the expectation of deriving greater resources in the future.