CREDIT Project

1. amount of money due on a loan before interest.
6. money set aside for big, unexpected expenses such as job loss or large medical bills.
8. a sum of money that is expected to be paid back with interest.
11. any resource that holds value
12. a record of a borrower’s credit history.
14. money that a borrower owes to a lender
16. a loan taken out to buy property or land.
17. a type of security that gives stockholders a share of ownership in a company
18. three-digit number that represents how likely a borrower is to repay a debt.
19. the process of raising funds or capital for any kind of expenditure.

2. holder to purchase goods or services on credit.
3. the yearly interest rate charged on borrowed money.
4. immediately withdraws funds from the user’s bank account.
5. a plan for using income to meet financial obligations
7. money received through sources such as employment, investments, or business transactions.
9. declared in law unable to pay outstanding debts.
10. the percentage of a loan principal that lenders charge borrowers.
13. occurs when a borrower is unable to meet the obligation of debt repayment.
15. a term that refers to how much confidence a lender can have in a borrower’s ability to repay a loan.
18. financial arrangement in which money is borrowed for a purchase and paid back at a later date.