Chapter 4 Vocab Crossword Puzzle

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Across
  1. 1. Credit that automatically renews.
  2. 3. Failure to repay a loan on time.
  3. 4. The original amount of a loan: the total amount borrowed before
  4. 7. Equity When the value of an asset falls below what is owed on it.
  5. 9. A lender who uses deceptive, unfair, or fraudulent practices on
  6. 11. The loss of value of an asset over time.
  7. 12. to creditors.
  8. 14. A legal claim against an asset until the debt is repaid.
  9. 15. A statistical number used to represent a consumer's
  10. 16. A loan for a fixed amount of money that’s paid back in monthly
Down
  1. 2. Something owned. Offered as a security on debt.
  2. 5. An asset that increases in value over time.
  3. 6. An asset that loses value over time.
  4. 8. The amount of time in months, that you’ll be making payments.
  5. 10. The difference between the amount owed and what the home could be sold
  6. 13. A company that collects credit rating information and makes it
  7. 17. Money owed to another person or company.