1.
An asset that increases in value over time.
2.
The increase in a home's value over time (the difference between the house's value and the amount owed).
3.
An owned valuable that can be taken by a money lender if debt is not returned.
4.
Credit that automatically renews upon a payment being submitted to reduce debt.
5.
A legal claim that asserts ownership over an asset until debt is returned.
6.
The failure to pay back a loan on time.
7.
A loan for a certain, fixed amount of money, which is paid back in monthly dues.
8.
An asset that loses value over time.
9.
When a money lender uses unfair tactics to profit from desperate borrows.
10.
A loan that requires collateral that will be seized if debt is not repaid.
11.
A loan that typically lasts 15-30 years and is used to obtain a house.
12.
This has caused millennials to forgo major life plans and decisions due to financial instability.
13.
A loan borrowed for education that is typically paid back throughout 10-20+ years.
