Across
- 1. things you own
- 2. a legal document used in the purchase of property/assets
- 6. a person who promises to pay a loan in the event the borrower can't
- 10. a physical check of financial records
- 11. a ranking that represents the ability to repay a debt
- 14. exceeding its credit limit
- 16. the process of a bank taking ownership to pay off a loan in default
- 17. the value of ownership interest in the business (assists-liablities)
- 19. end of a loan term and all outstanding payments are due
- 20. anyone you owe money to with an arrangement to pay later
- 21. the exact point when a business' income equals expenses
- 22. a report detailing an individual's past credit arrangements
- 24. inability to pay debts
- 25. a listing of planned revenue and expenditure for a given period
Down
- 1. a record of all invoices yet to be paid
- 2. a lump sum payment on a loan agreement
- 3. the process of expensing an asset over a period of time
- 4. limit the maximum lending amount offered for a loan
- 5. the measure of actual cash flowing in and out
- 7. a person that owes you money
- 8. ability to withdraw money up to an approved limit
- 9. a record of all expected payments from customers
- 12. percentage used to calculate the cot of borrowing money
- 13. profit the difference between sales and the direct cost
- 15. a new loan is taken out to pay an existing loan
- 18. money owed that is unlikely to be paid
- 23. finance arrangement that allows you to lease for a period then buy