Across
- 2. Money given to a student to help pay for schooling by the government or an organization.
- 4. The initial size of a loan without additional cost.
- 6. Payouts made to investors from a business on a recurring basis.
- 7. A type of loan used to finance a property.
- 12. The time frame to pay a loan back.
- 14. Assets - Liabilities = _________
- 15. Taking money out of a checking or savings account.
- 17. A second party that agrees to pay back a loan if the borrower doesn't.
- 18. A legal process one goes through to seek relief from all or some of their debts.
- 19. Something pledged as security for a loan that is forfeited if the loan is defaulted on.
- 20. A financial obligation where a person or business owes a sum of money.
Down
- 1. When the amount gained is greater than the amount spent.
- 3. The interest rate for an entire year.
- 5. The cost of borrowing money.
- 8. When more money is withdrawn from a savings or checking than was in it.
- 9. Things you own.
- 10. Process by which the amount due on a loan decreases over time.
- 11. Money that is given to a student to help pay for their schooling for achieving something.
- 13. What happens to a loan when payments are no longer being made on it.
- 16. Borrowed money that is paid back with interest.