Across
- 3. Specific property or assets (like real estate or equipment) that a borrower promises to a lender as security.
- 5. The process of paying off a debt over time through regular installments.
- 6. This ratio (Net Operating Income / Total Debt Service) is used by lenders to see if a business generates enough cash to pay its debts.
- 8. What happens when a borrower fails to make payments or meet other terms of the loan agreement.
- 10. The original sum of money lent, not including interest.
Down
- 1. The specific date when the final payment on a loan is due.
- 2. A final payment that is significantly larger than the previous regular payments.
- 4. This ratio measures the relationship between the loan amount and the appraised value of the property.
- 7. The government organization that provides guarantees to lenders to help small businesses get funding.
- 9. A legal claim against an asset that allows a lender to seize it if the borrower fails to repay.