Across
- 3. a person or company to whom money is owed
- 5. wealth in the form of money or assets
- 9. Rate how a bank makes money, a percentage of the money you borrowed that you have to pay back on top of the money you borrowed
- 10. borrowed money that someone else pays for and you pay back plus interest later
- 13. original sum of money borrowed in a loan before interests or anything else factored in
- 14. Loan a type of loan backed by collateral
Down
- 1. Loan a loan not backed by collateral
- 2. Charge total cost including interest and other fees on a loan or credit card
- 4. what the bank will take from you if you don’t pay your debt off
- 6. annual percentage rate, can be found on credit cards, mortgages, auto loans, and other loans.
- 7. owed money that you pay back
- 8. a person or institution that owes a sum of money
- 10. Someone that signs a loan that says if you don’t pay they will
- 11. Payment What you need to pay at least for your debt, either a minimum amount or a percent
- 12. Period Period that a bank allows you to “collect yourself” before you start making payments