Fincancial words

2. When a borrower fails to make agreed-upon payments to the lender, the lender can take possession of the home in a legal process
3. the money used to build, run, or grow a business.
6. payment based on the completion of a sale
7. the value of a financial asset increases over time
10. the process of establishing what a borrower can reasonably afford when taking out a loan
11. the amount you borrowed and have to pay back
13. the amount of money that a company's owner has put into it or owns
14. your business's ability to borrow

1. an item of value pledged to secure a loan.
3. interest the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.
4. is included in most mortgage payments (along with the principal, interest and homeowners insurance)
5. a measure of the amount of work that can be accomplished by a business within a fixed amount of time
8. the cost you pay each year to borrow money, including fees, expressed as a percentage
9. lowers the risk to the lender of making a loan to you
12. the interest charged on a loan used to purchase a piece of property.