Banking Terminology

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Across
  1. 3. Specific property or assets (like real estate or equipment) that a borrower promises to a lender as security.
  2. 5. The process of paying off a debt over time through regular installments.
  3. 6. This ratio (Net Operating Income / Total Debt Service) is used by lenders to see if a business generates enough cash to pay its debts.
  4. 8. What happens when a borrower fails to make payments or meet other terms of the loan agreement.
  5. 10. The original sum of money lent, not including interest.
Down
  1. 1. The specific date when the final payment on a loan is due.
  2. 2. A final payment that is significantly larger than the previous regular payments.
  3. 4. This ratio measures the relationship between the loan amount and the appraised value of the property.
  4. 7. The government organization that provides guarantees to lenders to help small businesses get funding.
  5. 9. A legal claim against an asset that allows a lender to seize it if the borrower fails to repay.