Unit 8 Key Terms

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Across
  1. 2. Charge Total borrowing cost
  2. 4. Payment Smallest payment due each month
  3. 5. Yearly interest rate
  4. 7. Fee Charge for late payment
  5. 8. Amount currently owed
  6. 13. Limit – Maximum you can borrow
  7. 15. Fee Fee for exceeding credit limit
  8. 17. – One who lends money
Down
  1. 1. – One who takes a loan
  2. 3. Credit – Credit left to use
  3. 6. Fee Charge for breaking rules
  4. 9. Record of money transactions
  5. 10. Card – Card used to borrow money for purchases
  6. 11. Fee Yearly credit card charge
  7. 12. Maximum allowed amount
  8. 14. – Ability to borrow money
  9. 16. Cost of borrowing money