Loans vocabulary
Across
- 1. loans have collateral lower interest less risky
- 6. person whos covers for your loan if you cant pay it back
- 7. the amount they charge your for borrowing money
- 9. the persons whos lending you money
- 10. loans no collateral higher interest, more risk to sender.
- 11. rates predictable higher interest.
Down
- 2. items that could be taken if the loan isn't paid off
- 3. rates unpredictable lower interest.
- 4. a type of loan used for buying a house
- 5. the amount your borrowing
- 8. the time you have until you have to give it back.
- 12. what controls the interest rate.