#CreditScope Credit and Finance Terms to Know

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