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Financial Terms

1 of 10

_________ is an amount of money owed to a person or an organization in repayment of borrowed funds or loans.

2 of 10

The number of months over which your loan will be repaid - typically offered on auto, personal or other loans, is called the _________.

3 of 10

A __________ is the person who accepts money from a lender and agrees to pay it back over a period of time.

4 of 10

What does ATM stand for?

5 of 10

Withdrawing cash directly from your line of credit at an ATM or in person at your financial institution is called a ________.

6 of 10

A ______ is the person you designate to receive the money in your account in the event of your death.

7 of 10

What term represents your income after taxes and other deductions are removed from your paycheck?

8 of 10

For lines of credit, the _______ is the absolute lowest payment that you can make by your due date.

9 of 10

Your _________ is the three-digit number that represents your likelihood of repaying a loan.

10 of 10

________ is pledged as security for repayment of a loan, to be forfeited in the event of defaulting on the loan.

©2023 Reseda Group LLC, used under license.

Copyright ©2023 Reseda Group LLC, used under license.