Personal Finance - Credit

1234567891011121314151617
Across
  1. 1. party extending credit.
  2. 4. private firm that maintains credit rating
  3. 6. party receiving credit.
  4. 9. the potential that credit will not be repaid
  5. 11. loan for a specific amount of money repaid with interest in regular payments.
  6. 13. credit granted to a business by a financial institution or another company.
  7. 14. property that borrower uses to secure a loan.
  8. 15. credit card used only in the stores of a specific business.
  9. 17. numerical measure of a loan applicant's creditworthiness.
Down
  1. 2. does not close when the balance is paid off.
  2. 3. represents the cost of a loan expressed as a percent of the amount borrowed.
  3. 5. shows principal plus interest for each payment of a loan.
  4. 7. line of credit from one business to another for a short period of time.
  5. 8. credit granted to individual consumers by a retail business.
  6. 10. loan must be repaid with interest by a specified date or schedule.
  7. 12. amount of money borrowed.
  8. 16. federal act to state the APR of loans.