credit terms

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Across
  1. 4. The __________ is the initial amount of money borrowed from a loan.
  2. 6. Credit-__________ is when you borrow money and pay it back with equal payments until the loan is completely paid off.
Down
  1. 1. __________ stands for the yearly interest rate charged on borrowed money.
  2. 2. Credit-__________ is when you borrow money, pay it back, and then can borrow again, like with credit cards.
  3. 3. Payment-The __________ is the smallest amount you are required to pay toward your debt each month.
  4. 5. Credit- A __________ is the amount of money you pay upfront before borrowing the rest for a large purchase like a house or car.
  5. 7. The __________ is the amount of time you have to pay back the money you borrowed from the bank.