Chapter 4 Lesson 2

1234567891011121314151617181920
Across
  1. 6. Asset that loses value over time
  2. 8. Percentage charged for borrowing money
  3. 10. Loan paid back in fixed monthly payments
  4. 13. Loan used to buy a house
  5. 16. Failure to repay debt on time
  6. 17. Failure to repay a loan as agreed
  7. 18. Loan that does not require collateral
  8. 19. Loan borrowed against home value
  9. 20. Home equity line of credit
Down
  1. 1. Asset that increases in value over time
  2. 2. Loan often used for debt consolidation
  3. 3. Credit that renews after payments reduce the balance
  4. 4. Common form of revolving credit
  5. 5. Something valuable offered to secure a loan
  6. 7. Unfair or deceptive lending practices
  7. 9. Money borrowed to pay for college
  8. 11. Installment loan used to buy a car
  9. 12. Legal claim on property until a debt is paid
  10. 14. Loan that requires collateral
  11. 15. Difference between a home's value and what is owed