Chapter 4 lesson 2 vocab, Patrick and Noah

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Across
  1. 2. EXP Sally uses a _ to pay for her car
  2. 4. an asset that loses value over time
  3. 6. a lender who uses unfair practices on borrowers
  4. 10. a payment that uses your money from an account
  5. 11. something owned (that has value
  6. 12. loans ussualy taken out to pay for college
  7. 13. the increase in value of a home over time
  8. 15. something used as security for a loan
  9. 16. a loan for a fixed amount of money paid monthly
  10. 17. a legal claim for an asset
  11. 19. because of _ many people are delaying major life decistions
Down
  1. 1. an example of predatory lending
  2. 3. failure to repay a loan on time
  3. 5. a loan which usually lasts 15-30 years
  4. 7. an asset that increases in value
  5. 8. when a bank lends you money they will charge an additional _(form of interest)
  6. 9. credit that automatically renews whenever a payment is made
  7. 14. a house, car, and property are examples of a(n) _
  8. 15. 80% of Americans have a _ (form of payment)
  9. 18. a_much like a credit card—lets a home owner spend their equity when they want