Types of Credit - Vocabulary

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Across
  1. 2. monetary charge for borrowing money
  2. 3. an individual or entity that is using money, assets, or services on credit
  3. 5. sign jointly with a borrower for a loan
  4. 7. unchanging rate charged on a liabilitylegal debt or obligation that an entity must pay back
  5. 9. a long-term loan used to finance the purchase of real estate
  6. 10. source of continuous funds that works like a credit card
  7. 12. management of money
  8. 13. an agreement between a lender and a borrower
  9. 14. a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange
  10. 16. original sum of money borrowed in a loan or put into an investment
Down
  1. 1. loans that are not backed by collateral
  2. 4. personal or commercial loans that borrowers must repay with regularly scheduled payments or installments
  3. 6. an individual, a public or private group, or a financial institution that makes funds available to a person or business with the expectation that the funds will be paid back
  4. 8. the cost of borrowing money or the reward for saving it.
  5. 11. any type of deposit account which does not pay its holder a fixed interest rate
  6. 15. backed by collateral