Across
- 2. Total yearly cost of borrowing money, expressed as a single percentage
- 4. A flexible, pre-approved borrowing arrangement between a lender and a borrower that allows you to draw funds as needed up to a set maximum limit.
- 6. Original amount of money borrowed, invested, or face-valued in a transaction, separate from any interest, fees, or earnings.
- 7. Cost of borrowing money or the reward for lending and saving money
Down
- 1. A loan or line of credit provided by a lender based on your credit history, income, and promise to repay, rather than requiring physical collateral.
- 3. A loan, line of credit, or credit card that is backed by collateral or an asset you own
- 5. The value of the next-best alternative you give up when you choose one option over another