Review Game Zone
Games
Test
Preview
Back
Match it!
Match it! Select the correct answer from the pull down...Good luck!
A legal agreement that conveys the conditional right of ownership on an asset or property by its owner (the mortgagor) to a lender (the mortgagee) as security for a loan.
Fixed interest rate
Finance charge
Credit Rating
Unsecured Loan
Bankruptcy
Mortgage
Liquidation
Credit Report
Legal procedure for liquidating a business (or property owned by an individual) which cannot fully pay its debts out of its current assets.
Fixed interest rate
Finance charge
Credit Rating
Unsecured Loan
Bankruptcy
Mortgage
Liquidation
Credit Report
Document supplied by a bank or a credit reporting agency that summarizes a person's credit history and present financial position, and notifies about any lien in force or pending judgment(s) against the the business or person.
Fixed interest rate
Finance charge
Credit Rating
Unsecured Loan
Bankruptcy
Mortgage
Liquidation
Credit Report
Usury
Fixed interest rate
Finance charge
Credit Rating
Unsecured Loan
Bankruptcy
Mortgage
Liquidation
Credit Report
The rate of interest you pay on a loan that is fixed for a set period of time
Fixed interest rate
Finance charge
Credit Rating
Unsecured Loan
Bankruptcy
Mortgage
Liquidation
Credit Report
Loan extended only on the basis of the borrower's financial position, creditworthiness, credit history, and general reputation. The borrower signs a promissory not but does not pledge any specific asset(s) as collateral. Also called character loan, g
Fixed interest rate
Finance charge
Credit Rating
Unsecured Loan
Bankruptcy
Mortgage
Liquidation
Credit Report
Total cost of borrowing, including interest charges, commitment fees, and other charges paid by the borrower
Fixed interest rate
Finance charge
Credit Rating
Unsecured Loan
Bankruptcy
Mortgage
Liquidation
Credit Report
Winding up of a firm by selling off its free (un-pledged) assets to convert them into cash to pay the firm's unsecured creditors. (The secured creditors take control of the respective pledged assets on obtaining foreclosure orders).
Fixed interest rate
Finance charge
Credit Rating
Unsecured Loan
Bankruptcy
Mortgage
Liquidation
Credit Report
Check it!