1.
The portion of a purchase price that a buyer pays with their own money is called the _____ payment.
2.
_____ is paying back the loan.
3.
_____ is how long it takes to pay back the loan.
4.
_____ is the initial amount of the loan.
5.
_____ is a person who agrees to pay the loan if you can't
6.
A _____ loan has a specific asset pledged against it to protect the lender if the borrower fails to pay.
7.
A loan made solely based on a borrower's good name and credit history is known as an _____ loan.
8.
The specific date at which a loan will be completely repaid.
9.
Assets pledged against loan repayment that the lender can seize if the borrower defaults.
10.
The act of a lender physically removing collateral from a borrower's possession due to default.
