Chapter 4 Key Terms

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Across
  1. 1. Decline in moneys value
  2. 4. Lender, someone who takes advantage of borrowers
  3. 5. Credit, money someone receives and pays back in fixed amounts and paid over a period of time
  4. 7. value of an asset or business without debt
  5. 8. Original amount of money borrowed invested or lent
  6. 10. Credit, allows you to borrow money to a limit, pay it back, and borrow again
  7. 13. Legal claim against property or assets that guarantees payment of a debt
  8. 14. Asset, asset that increase value over time
  9. 16. Length of time for an investment deposit or loan
  10. 17. Money owed to someone/company
Down
  1. 2. Score, a number that determines how likely you are to repay a loan or credit cards
  2. 3. pledged as a security for repayment or loan
  3. 6. Asset, asset that value decreases over time
  4. 9. cost of borrowing money
  5. 11. Equity, value of asset less than amount owed
  6. 12. when someone doesn't pay a loan or debt on time
  7. 15. Bureau, company that sells or collects information about a persons credit history