#CreditScope Credit and Finance Terms to Know

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Across
  1. 3. Period between statement closing and due date to pay balance
  2. 4. The chance of loss
  3. 6. The difference between your assets and liabilities 2 wds
  4. 12. Money owed
  5. 14. Balance on a credit obligation a lender no longer expects to be repaid
  6. 17. Annual rate of interest
  7. 18. Time periods debtors are given to repay a loan
  8. 20. investments in various financial instruments
  9. 21. A person's credit activity over a period of time 2 wds
Down
  1. 1. Failure to make a loan or debt payment when due
  2. 2. Legal document used to create a security interest in another’s property
  3. 5. An effort by an agency to get a past-due debt repaid
  4. 7. Property required as guaranteed payment of a loan
  5. 8. The price of using someone else's money
  6. 9. An increase in value
  7. 10. This number indicates a person's financial risk 2 wds
  8. 11. Income received in exchange for labor services
  9. 13. An amount of money saved for a special occasion 2 wds
  10. 15. Federal legislation promotes accuracy, confidentiality and privacy in files of CRA files
  11. 16. Amount borrowed before interest is applied
  12. 19. Share of ownership in a company