Bank vocabulary

2. Arrangement in which a company provides a guarantee of compensation for specified loss
6. You lend money to the issuer, and it promises pay back you with interests payments.
7. Cost that you are responsible to pay. It is splitting or spreading among multiples parties
9. Mortgage loans are used to buy a home or to borrow money against the value of a home you already own
11. An overdraft occurs when you don’t have enough money in your account to cover a transaction, but the bank pays it.
13. Is the total cost of certain borrow expressed as a percentage.
15. Scheme to take your money making a false promise of saving you from foreclosure
16. Someone who organizes, manages, and assumes the risks of a business or enterprise

1. A grant is a sum of money given by the government to support a specific person.
3. When you earn interest on both the money you save and the interest you earn.
4. Something that is a disadvantage, money owed, or a debt or obligation according to law
5. The number of days you have to pay your bill in full before finance charges start
8. The unauthorized movement of sensitive information to a party.
10. Is used to determine how much a student is eligible to receive and financial aid
12. Related to the total amount of money you earn before taxes are taken out
14. A single period project or task for which a worker is hired to work on demand