1.
The cost of borrowing money on a yearly basis, expressed as a percentage rate.
2.
A legal process initiated when an individual or business is unable to repay debts and financial obligations.
3.
A valuable asset that a borrower pledges as security for a loan that can be sold by the lender to recover all or part of a loan if the borrower fails to repay.
4.
A contract agreement where a borrower receives money or something of value with the understanding that there is a legal obligation to repay the lender at a later date, generally including interest.
5.
An organization that gathers credit information and sells it to creditors so they can make decisions about offering credit or loans.
6.
An organization that provides debt and financial management assistance to individuals with debt problems at little to no cost
7.
A document describing the specific terms and conditions of a loan, including its interest rate, any fees, the amount borrowed, insurance and the responsibilities of the borrower
8.
A detailed breakdown of a consumer's credit history prepared by a credit bureau. Merchants, lenders, rental agencies, employers, businesses, and government agencies use this information to determine an individual's creditworthiness.
9.
A numeric value based on the information in a consumer's credit report that measures an applicant’s creditworthiness
10.
Money owed by one party to another party.
11.
Federal Student loans for undergraduate students who demonstrate a financial need. Interest is paid by the Federal government as long as the student remains in good academic standing and is enrolled at least half time
12.
Federal Student loans for undergraduate, graduate, and professional students. Accumulated interest is added to the loan balance until payments begin, which is usually about 6 months after the student graduates or is no longer enrolled.
13.
A portion of the total purchase price of an expensive good or service that is paid upfront by a buyer
14.
An Education Savings Account (ESA) is a specialized tax-advantaged account designed to facilitate saving for educational expenses, allowing contributions to grow tax-free and be withdrawn without tax liability when used to cover qualified education costs
15.
The difference between the market value of an asset less any debt associated with that asset.
16.
Money given to help pay for post-secondary education tuition and fees, as well as other related expenses. This aid takes the form of grants, work-study programs, loans and scholarships. Some types of aid require an individual to repay the money given, whi
17.
A state-funded initiative designed to assist eligible students in Florida with their higher education expenses, offering merit-based scholarships that consider academic achievements, standardized test scores, and community involvement, aiming to promote a
18.
The number of days a consumer has to pay their balance in full before incurring any interest or penalty fees.
19.
A type of financial aid provided by the government or other organization meant to offset some of the costs of higher education. The dollars usually do not have to be repaid and are often given based on an individual's financial need.
20.
A legal contract that outlines the terms, conditions, and rent for the use of an asset
21.
A financial instrument whereas one party borrows money from another with an agreement to repay back the debt, generally with interest.
22.
A specialty loan used to purchase or maintain a home, land, or other type of real estate which is secured by the property itself.
23.
- Student Loans from private organizations such as banks or credit unions used to offset the cost of higher education. Qualification for these loans is usually based on an individual's creditworthiness and generally have higher interest rates than federal
24.
A type of financial aid provided by the government, an institution of higher education, or other organization meant to offset some of the costs of going to college. These are grant dollars and are not generally required to be paid back.
25.
Business or personal loans that are obtained using collateral. In the event a customer is unable to pay back the loan, the asset can be seized by the financial institution.
26.
Business or personal loans that are obtained based on the creditworthiness of a borrower instead of using collateral.
27.
The amount you borrowed
28.
The cost of borrowing money
29.
a three‑digit number that shows how trustworthy you are as a borrower.
30.
A Game played in Class that simulated the feeling of paying a Loan
31.
A Game played in class that simulated being a loan shark
