Across
- 4. the yearly interest change applied to outstanding credit card balances. it is one part of the cost of credit. it refers to the way the interest is compounded rather than
- 5. a current coins and banknotes
- 8. decline value of money due to rising prices
- 9. the failure of a borrower to repay the loan
- 10. a person or a business to whom or to which debt is owed
- 12. a share of a company (ownership)
- 13. buying something or borrowing money with the promise to repay the lender at a future date
- 15. a loan used to purchase a home. the property is used as security
Down
- 1. purchased with the hope that it will generate income or increase in value
- 2. a person who make funds available to another with the funds will be repaid
- 3. a plastic card with a magnetic strip or chip connected to an account that is used to buy goods or services. credit cards give borrowers the ability to pay balances over time by applying an interest rate to unpaid balances.
- 6. the management of money, banking, investment, and credit
- 7. a persons or a business that owes money or services to a creditor
- 11. a fee paid for the use of money overtime. in other words its the cost of borrowing money. interest is often expressed as a percentage of the amount
- 14. to reduce the value of something