saving and borrowing

3. An amount of money given to the borrower for a set period of time. After the set time has passed, the money must be paid back plus interest
5. interest, interest earned on both the principal amount and any interest already earned
7. card, A card used to make purchases now and pay for them later.
12. Annual equivalent rate is the interest that will be earned on the money in one year.
13. An additional sum paid or charged for the use of money or for borrowing money
15. interest, Interest earned only on the original principal amount invested
16. rate, The measure of how much one currency is worth in relation to another.
18. a person who agrees to pay a debt if the borrower can't
19. Deposit interest retention tax - tax on interest earned on savings.
20. card, A card used to make purchases that are paid for immediately
21. deposit, A type of account which you cannot take money out of for a specific amount of time

1. A security pledged for the repayment of a loan.
2. Institution, A business that provides money-related services such as credit unions, commercial banks, the post office and building societies
3. How fast savings can be turned into cash
4. term sources of finance, Long term loan, Mortgage
6. account, A type of account used for savings; money is lodged by the saver and interest is earned
8. Putting money aside in order to get a better return on it in the future.
9. Annual percentage rate; the calculation of the overall cost of a loan
10. term sources of finance, Medium term loans, Leasing, PCP finance, Hire purchase
11. deposit, Money deposited in a savings account which is available only after notice is given.
14. deposit, a type of savings account that money can be taken out of "on demand" or at any time
15. term sources of finance, Bank overdraft, Credit Card
17. Rating, a measure of a person's ability and willingness to make credit payments on time