Loan terminology

2. The person who takes out the loan.
4. An interest rate that can change over time.
5. Money borrowed that must be paid back with interest.
6. A card that takes money directly from your bank account when you buy something.
8. A loan or deposit that lasts for a set period.
10. Something pledged to guarantee repayment of a loan.
11. The chance that something might go wrong.
12. The person or business that gives the loan.
13. The original amount of money borrowed or invested.
14. The maximum amount you can borrow or spend on a credit card.
16. A loan used to buy a house or property.

1. A card that lets you borrow money to make purchases up to a set limit.
3. An asset used as security for a loan.
7. The percentage charged on a loan or paid on savings.
9. An interest rate that stays the same for the whole loan term.
11. Replacing an old loan with a new one, often to get a better interest rate.
15. The length of time a loan lasts.