Business Terms

2. a rate on something you owe that doesn't change, during the durable time given.
4. the interest rate when money can be borrowed from a commercial.
8. a check that isn't processable, because there isn't enough money in the bank.
12. when an expert has guesses when finding the value of something.
13. when a bank gives its own funds in another bank, by a drawing check.
14. a debt or loan that hasn't been paid, but will be paid back in the future.
17. something held in a bank for a period of time with an agreed rate of interest.
18. the final date at which a note, draft, bond, or debt becomes due, and the principal is repaid with interest.
19. a rate on a loan or security that inconsistently changes over a period of time.
20. when someone replaces an older loan with a new loan that offers a better deal.
21. a statement said by the bank to the buyer of a good stating that the seller will get the correct payment on time.
22. the place where customers make payments to merchants in exchange for services or goods.

1. the state when someone is unable to pay their debts with their assets.
3. the part of the purchase payment made in cash to reduce amount of loan or mortgage.
5. a guess of the ability a person or company has in a business analysis, depending on past dealings.
6. the right to keep a possession of property belonging to someone until the debt is paid.
7. interest that is added to a deposit or loan that already contains interest.
9. a borrower that lends money to an asset or a group of assets to confirm a loan.
10. when money is taken from a bank account, and the available balance goes below zero.
11. a person or group that gives guaranty in something.
15. when a fixed schedule over a period of time, pays off debt in regular installments.
16. the amount borrowed or owed on a loan, without interest.