Credit project

2. three-digit number that represents how likely a borrower is to repay a debt.
4. the percentage of a loan principal that lenders charge borrowers.
5. the process of raising funds or capital for any kind of expenditure.
7. money received through sources such as employment, investments, or business transactions.
9. a plan for using income to meet financial obligations
10. money that a borrower owes to a lender
12. immediately withdraws funds from the user’s bank account.
14. any resource that holds value
15. a sum of money that is expected to be paid back with interest.
17. a record of a borrower’s credit history.
19. the yearly interest rate charged on borrowed money.
20. a type of security that gives stockholders a share of ownership in a company

1. a term that refers to how much confidence a lender can have in a borrower’s ability to repay a loan.
3. money set aside for big, unexpected expenses such as job loss or large medical bills.
6. a loan taken out to buy property or land.
8. holder to purchase goods or services on credit.
11. declared in law unable to pay outstanding debts.
13. occurs when a borrower is unable to meet the obligation of debt repayment.
16. financial arrangement in which money is borrowed for a purchase and paid back at a later date.
18. amount of money due on a loan before interest.