1.
the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.
2.
a deficit in a bank account caused by drawing more money than the account holds
3.
the total amount of interest you will earn on a deposit account in one year, taking into account the effect of compounding
4.
an interest-earning deposit account that is liquid.
5.
money or funds that a customer places into a bank or financial institution for safekeeping
6.
the act of removing money from a financial account
7.
a bank account with no financial activity
8.
the use of deceitful or illegal methods to obtain money, assets, or sensitive data from financial institutions
9.
a temporary bank account set up by an executor or administrator to hold and manage the assets of a deceased person
10.
a legal arrangement where a grantor transfers assets to a trustee
11.
legal document that specifies how a person's assets, including their bank accounts, should be distributed after their dea
12.
court-supervised process of distributing a deceased person's asset
13.
federal law encouraging banks to meet the credit needs of all communities they serve, particularly low- and moderate-income neighborhoods
14.
revolving line of credit that lets you borrow against the equity in your home, similar to a credit card but se
15.
a percentage that compares your total monthly debt payments to your gross monthly income
16.
electronic movement of funds from one bank account to another
17.
When a financial obligation is renegotiated to extend its term or is placed into a new investment of the same kind.
18.
the loss of an asset, such as money or property, because a party has failed to meet a contractual obligation
19.
payment into a retirement savings or pension plan
21.
a sworn statement in writing made especially under oath or on affirmation
22.
a process where interest is earned not only on the initial principal amount but also on the accumulated interest from previous periods
23.
something pledged as security for repayment of a loan
24.
person or entity designated to receive property from another individual
