Across
- 4. What is an asset that loses value over time, such as a car that’s worth less every year?
- 5. What is money borrowed for college?
- 8. What is a loan backed by collateral?
- 10. What is an asset that increases in value over time?
- 12. What is failure to repay a loan on time?
- 14. What is credit that automatically renews whenever a payment is made to reduce the debt?
- 15. What is the increase in value of a home over time; the difference between the amount owed and what the home could be sold for?
Down
- 1. What is a loss of value over time?
- 2. What is it called when a person doesn't have access to a bank account?
- 3. What are loans that often come with high interest rates and fees?
- 6. What is a loan for a fixed amount of money that‘s paid back in monthly installments?
- 7. What is a lender who uses deceptive, unfair, or fraudulent practices on borrowers who are desperate for cash?
- 9. What is a loan that does not require collateral?
- 11. What is something owned offered as security on a debt; if the debt is not repaid as agreed, the item is forfeited to the lender?
- 13. What is a legal claim against an asset until the debt is repaid?