Ramsey Classroom Chap. 4 Lesson 2

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Across
  1. 1. Credit paid back in fixed monthly payments.
  2. 4. A type of asset if its value rises over time.
  3. 5. The legal right a lender has to claim an asset until the loan is paid.
  4. 7. Interest added to the total amount of a loan.
  5. 10. A loan with equal monthly payments.
  6. 12. The benefit of an appreciating asset.
  7. 13. Another word for property or goods used to back a loan.
  8. 16. An asset that increases in value over time.
  9. 17. Something valuable offered as security for a loan.
  10. 18. Credit that automatically renews as you pay it off.
  11. 19. When a borrower fails to repay a loan on time.
Down
  1. 2. Term for tricking borrowers into bad loan deals.
  2. 3. What happens when you don’t make your credit card payments.
  3. 6. Issue avoided by making payments on time.
  4. 8. Term describing a car that becomes worth less over time.
  5. 9. Lending that uses unfair or deceptive practices.
  6. 11. The difference between what a home is worth and what is owed on it.
  7. 12. An asset that loses value each year.
  8. 14. The increase in a home’s value over time.
  9. 15. What you risk losing if you don’t repay a secured loan.