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en
CR
Loans
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credit : when something is purchased but not paid for
debtor : people who use credit
creditor : organizations or people that extend (give) credit
asset : everything you own (home, car, bank accounts, etc.)
earning power : the ability to earn money now and in the future
credit rating : a credit “report card” ; how well you met your financial obligations
credit reporting agency : compiles records on all users of credit
FICO score : score for consumers that summarizes the probability that a debtor will pay a debt
installment plan : stores offer creditworthy customers the convenience of paying for merchandise or services over a period of time
down payment : the part of the selling price the customer pays at the time of purchase
finance charge : the fee paid by installment buyers
promissory note : an agreement which states the conditions of a loan
principal : the amount borrowed
annual percentage rate : the interest rate paid per year (or charged per year)
cosigner : person who signs a promissory note along with the borrower and agrees to pay back the loan if the borrower does not
life insurance : a type of insurance that pays a specified amount upon the policy holder’s death; a creditor often requires a borrower to take out life insurance to cover the loan in the event the borrower dies before the loan is paid
prepayment privilege : allows the borrower to make payments before the due date to reduce the amount of interest
prepayment penalty : an agreement that requires borrowers to pay a fee if they wish to pay back an entire loan before the due date
wage assignment : a voluntary deduction from an employee’s paycheck used to pay off debts
wage garnishment : an involuntary form of wage assignment (often enforced by a court order) where the employer deducts money from the employee’s paycheck to pay the creditor
balloon payment : a loan where the last monthly payment is much higher than the previous payments
lending institution : organizations that extend loans
collateral : security, such as a personal belonging, car or boat title, CD, or stock certificates, that insures a loan will be repaid
Loans
Across:4. | a loan where the last monthly payment is much higher than the previous payments | 7. | the part of the selling price the customer pays at the time of purchase | 9. | the interest rate paid per year (or charged per year) | 10. | compiles records on all users of credit | 13. | everything you own (home, car, bank accounts, etc.) |
| 15. | score for consumers that summarizes the probability that a debtor will pay a debt | 17. | the amount borrowed | 18. | security, such as a personal belonging, car or boat title, CD, or stock certificates, that insures a loan will be repaid | 19. | a credit “report card” ; how well you met your financial obligations |
| | Down:1. | person who signs a promissory note along with the borrower and agrees to pay back the loan if the borrower does not | 2. | people who use credit | 3. | allows the borrower to make payments before the due date to reduce the amount of interest | 5. | an agreement which states the conditions of a loan | 6. | the fee paid by installment buyers |
| 8. | a voluntary deduction from an employee’s paycheck used to pay off debts | 11. | stores offer creditworthy customers the convenience of paying for merchandise or services over a period of time | 12. | when something is purchased but not paid for | 14. | the ability to earn money now and in the future | 16. | organizations or people that extend (give) credit |
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© 2012
PuzzleFast.com, Noncommercial Use Only
Loans
Across:4. | a loan where the last monthly payment is much higher than the previous payments | 7. | the part of the selling price the customer pays at the time of purchase | 9. | the interest rate paid per year (or charged per year) | 10. | compiles records on all users of credit | 13. | everything you own (home, car, bank accounts, etc.) |
| 15. | score for consumers that summarizes the probability that a debtor will pay a debt | 17. | the amount borrowed | 18. | security, such as a personal belonging, car or boat title, CD, or stock certificates, that insures a loan will be repaid | 19. | a credit “report card” ; how well you met your financial obligations |
| | Down:1. | person who signs a promissory note along with the borrower and agrees to pay back the loan if the borrower does not | 2. | people who use credit | 3. | allows the borrower to make payments before the due date to reduce the amount of interest | 5. | an agreement which states the conditions of a loan | 6. | the fee paid by installment buyers |
| 8. | a voluntary deduction from an employee’s paycheck used to pay off debts | 11. | stores offer creditworthy customers the convenience of paying for merchandise or services over a period of time | 12. | when something is purchased but not paid for | 14. | the ability to earn money now and in the future | 16. | organizations or people that extend (give) credit |
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© 2012
PuzzleFast.com, Noncommercial Use Only