personal finance David Murphy

5. financial incentive or reward offered by credit card companies
6. interest refers to the process where interest is calculated on both the initial principal and the accumulated interest from previous periods
9. increases in value over time.
10. refers to a type of credit or loan where the borrower has access to a set credit limit and can repeatedly borrow and repay within that limi
12. organization that receives money, goods, or services from a lender with the agreement to repay it in the future
13. lending money for property
16. money the bank gets after a loan
17. lying, manipulating, or concealing facts to deceive someone into giving up money, property, or services
18. organization that provides money or resources to another party
19. generally refers to ownership, value, or fairness.

1. asset or property that a borrower offers to a lender as security for a loan
2. something you earn twice a month
3. ompany revolving credit offers businesses flexible access
4. refers to the failure to fulfill a financial obligation, such as not making a scheduled payment on a loan, mortgage, or other debt. It occurs when a borrower fails to meet the terms and conditions outlined in a loan agreement, such as missing a payment or failing to pay back the loan in full by the due date.
7. managing risks and rewards
8. It allows the creditor to take possession of the property if the borrower fails to fulfill the terms of the agreement
9. value helps determine the overall financial health of an individual or
11. ability to borrow money
14. money you barrow from the bank
15. money you owe