Across
- 5. financial incentive or reward offered by credit card companies
- 6. interest refers to the process where interest is calculated on both the initial principal and the accumulated interest from previous periods
- 9. increases in value over time.
- 10. refers to a type of credit or loan where the borrower has access to a set credit limit and can repeatedly borrow and repay within that limi
- 12. organization that receives money, goods, or services from a lender with the agreement to repay it in the future
- 13. lending money for property
- 16. money the bank gets after a loan
- 17. lying, manipulating, or concealing facts to deceive someone into giving up money, property, or services
- 18. organization that provides money or resources to another party
- 19. generally refers to ownership, value, or fairness.
Down
- 1. asset or property that a borrower offers to a lender as security for a loan
- 2. something you earn twice a month
- 3. ompany revolving credit offers businesses flexible access
- 4. refers to the failure to fulfill a financial obligation, such as not making a scheduled payment on a loan, mortgage, or other debt. It occurs when a borrower fails to meet the terms and conditions outlined in a loan agreement, such as missing a payment or failing to pay back the loan in full by the due date.
- 7. managing risks and rewards
- 8. It allows the creditor to take possession of the property if the borrower fails to fulfill the terms of the agreement
- 9. value helps determine the overall financial health of an individual or
- 11. ability to borrow money
- 14. money you barrow from the bank
- 15. money you owe