Credit Application Unit key Terms

123456789101112131415161718
Across
  1. 2. shares of ownership in a company
  2. 3. The money a person borrows to buy real estate.
  3. 10. Money earned when something is sold
  4. 11. one who promises to repay a loan in the event that the debtholder can't make a required payment.
  5. 13. The date a loan (or debt or liability) is repaid in full.
  6. 14. A loan that provides the borrower a maximum amount of money he/she can borrower
  7. 15. Money paid by a company to a person who owns stock in that company.
  8. 16. Debt that includes a legal obligation by the borrower to repay the debt personally if the business is unable to make its scheduled debt payment
  9. 17. A legal agreement that an assets is part of a guarantee to a lender
  10. 18. A person or a business with a strong credit score that make it likely they will be able to repay any loan.
Down
  1. 1. Something of value; Anything worth money.
  2. 4. Individuals that make small investments; “friends and family,”
  3. 5. The 12 month period a company uses to report financial results.
  4. 6. An obligation you have to pay someone else money. Also called a debt or a loan.
  5. 7. Cash or securities that can be immediately turned into cash,
  6. 8. Debt obtained from a number of online companies.
  7. 9. Another type of debt (or money you owe someone else) other than a mortgage
  8. 12. Internet phenomenon, where strangers learn about a business online and then decide whether or not to make an investment