Economy 5-7 crossword

2. ability to borrow repeatedly up to credit limit as long as customer pays minimum payment on time
3. current market value minus the amount you owe
4. a second person that is legally bound to the agreement to the same degree as the original signer
8. something valuable which the borrower pledges to a lender to secure a loan
10. company that lends small amounts of money at high interest rates or fees
11. card used to spend money previously loaded on that card
15. business that accepts credit card payments through a payment network
16. businesses that accept deposits, loan money, and offer financial products
17. of Attorney authority to act for another person in specific legal or financial matters
18. loan that gives homeowners a revolving line of credit secured by equity in their home
19. a loan that is backed by collateral
20. the process of taking out a new loan to pay off the balance of an original

1. a card that charges money to the credit card company
5. scheduled payments that a borrower makes to a lender to repay the principal and interest
6. mobile app that allows person-to-person money transfer linked to specific bank account
7. money charged by a lender to a borrower for the use of borrowed money
9. fee from your bank when there is a transaction that takes your account below zero
12. check written from the bank’s own banking account
13. loan secured by property, usually to purchase, refinance, or fix-up the home
14. bank service that issues a certificate allowing people to receive cash on demand