Across
- 1. Is an entry made on the left-hand side of a journal or ledger representing an asset or expense.
- 5. the cost of borrowing money on a loan or earned on an interest-bearing account.
- 6. A reduction applied to a full priced good or service.
- 7. A deliberate and targeted deception to obtain money or information unlawfully.
- 8. When a new loan helps to pay off an existing one, extending the original loan over a longer period of time, reduce fees or interest rates, switch banks, or move from a fixed to variable loan.
- 9. A finance agreement where a business borrows money and pays it back in instalments within a specified period of time.
Down
- 1. MJeans an amount of money placed into an account.
- 2. A document to a customer to request payment for a good or service received.
- 3. Is using a specific schedule to pay back a debt's principal and interest in equal payments by the end of the loan term
- 4. I happen when when they cannot pay their debts as and when they are due.