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 intuition 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
12.
Court supervised process of distribution a deceased person's assets
13.
a federal law that encourages insured depository institutions to meet the credit and banking needs of their entire communities, particularly low- and moderate-income (LMI) neighborhoods, in a way that is consistent with safe and sound operations
14.
reolving line of credit that lets you borrow against the equity in your home, similar to a credit card
15.
a percentage that compares your total monthly debt payments to your gross monthly income
16.
Movement of funds from one bank account to another
17.
When a financial obligation is renegotiated to extenmd 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 affirmation
22.
A process where interest is earned on the initial principal amount and 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
