Across
- 1. failure to repay a loan on time
- 4. a legal claim (or right to own) against
- 6. the increase in value of a home over
- 7. be making payments
- 8. money owed to another person or company
- 12. the original amount of a loan
- 15. interest paid on interest previously earned
- 16. the loss of value of an asset over time
- 18. the amount of time, in months, that
- 19. the additional cost a lender charges
- 20. a purchase that requires a significant
Down
- 2. of money
- 3. the percentage of principal charged by the lender for use of its money
- 5. The persistent rise in the cost of goods and services over time
- 9. borrowing their money
- 10. something owned (that has value)
- 11. a savings account set up specifically to be used to cover financial emergencies
- 12. The initial amount of money invested or borrowed
- 13. the average rate of growth for an investment over time; often expressed as an annual figure
- 14. asset until the debt (loan) is
- 17. as security on a debt