Fincancial words

2. the interest charged on a loan used to purchase a piece of property.
5. the process of establishing what a borrower can reasonably afford when taking out a loan
8. the value of a financial asset increases over time
9. your business's ability to borrow
10. the amount of money that a company's owner has put into it or owns
13. the cost you pay each year to borrow money, including fees, expressed as a percentage
14. the money used to build, run, or grow a business.
16. payment based on the completion of a sale

1. 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. an item of value pledged to secure a loan.
4. a condition that must be met before the sale is legally binding.
6. a measure of the amount of work that can be accomplished by a business within a fixed amount of time
7. lowers the risk to the lender of making a loan to you
11. the amount you borrowed and have to pay back
12. is included in most mortgage payments (along with the principal, interest and homeowners insurance)
15. interest the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.