Across
- 5. a card that charges money directly to a specific checking account.
- 6. Card that lends you money to make a purchase. You still have to pay it back!
- 8. a loan that is backed by collateral which can be seized by the lender if borrower fails to repay on time.
- 10. Loan secured by home, usually to purchase, refinance, or fix up the home.
- 11. a term associated with adding money to an account.
- 12. check written from the bank's account.
- 14. machine that allows you to perform banking functions.
- 17. Ability to borrow up to credit limit as long as customer pays minimum payment on time.
- 18. a term associated with taking money from an account
- 19. a not-for-profit organization similar to a bank. Customers are "members" and share in ownership.
Down
- 1. function of a bank that issues loans or other transactions with a goal of earning.
- 2. scheduled payments that a borrower makes to repay the principal and interest of a loan.
- 3. to take money out of your account.
- 4. service that allows customers to conduct transactions through an app.
- 7. function of a bank that stores money and keeps it safe.
- 9. a loan that helps people with poor credit build a positive credit history.
- 13. Something valuable which the borrower pledges to a lender to secure a loan. If borrower doesn't pay, lender can repossess.
- 15. to put money into an account.
- 16. a physical bank location where customers can conduct banking face-to-face.
- 20. person authorized by the state to certify signatures and administer oaths.
