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CHAPTER 4: "Going Into Debt?"

Across
This is a loan that allows you to buy a good or service now with opportunity of paying for it later.
Citibank, PNC Bank and BNY Mellon are examples of this type of bank.
A mortgage is an example of this type of debt.
A credit rating is used to predict this when lending to a specific person or business.
This is the amount of money borrowed by one party from another.
This type of charge account is also known as a 30-day charge.
This is the amount of money originally borrowed.
This is an assessment of the likelihood that a borrower will default on his or her debt obligations.
This is an enterprise that is licensed by a state or federal government to receive deposits and extend loans.
This expense is the most common cause of bankruptcy in America.
This is when a financial institution takes back an object that was used as collateral.
This type of finance company makes loans directly to consumers at high rates of interest.
This chapter of bankruptcy liquidates all of your assets.
This is the amount the borrower must pay for the use of someone else's money.
This is the process of taking possession of a mortgaged property as a result of the mortgagor's failure to keep up mortgage payments.
This type of charge will be billed to you if you do no pay your monthly credit card balance in full.
This term describes failure to repay a loan.
Down
This is the Latin term for trust.
This is the interest rate charged on balances expressed in a standardized, annualized way.
This is the maximum dollar value of goods and services a person or business can buy on the promise to pay in the future.
This is the largest form of installment debt in the U.S. (plural)
This is a slang term used to describe a person that pays their bills in full, on time and every time.
This is a person's reputation as a reliable and trustworthy person.
This is an asset pledged to secure repayment.
This term describes regulations governing the amount of interest that can be charged on a loan.
With this type of charge account the amount owed and the length of time it is owed are variable.
This is a reduction in the value of an asset with the passage of time, due in particular to wear and tear.
This is a court order directing that money or property of a third party (usually wages paid by an employer) be seized to satisfy a debt owed by a debtor to a plaintiff creditor.
This type of loan is backed by collateral.
This type of union is a cooperative financial institution that is owned and managed by its members.
This chapter of bankruptcy allows the debtor to reorganize his/her finances under the supervision and approval of the court.
This is a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.
This person made a legal obligation to make payments on another person's debt should that person default.