Loan vocabulary
Authored by Brenda Holdaway
Mathematics, Life Skills, Business
9th - 12th Grade
CCSS covered
Used 40+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Money that is borrowed is a _______________.
lending institution
loan
term
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
To show that you are able to take on responsibility, job, or task means that you ____________________.
qualify
collateral
lien
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
_________ is something of value uses as security for a loan.
term
loan
collateral
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A _____________ signs a loan contract with a borrower and promises to pay back the loan if the borrower doesn't pay.
loan
co-signer
qualify
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A _____________ is a claim on property or other things you own, which guarantess payment of your debt.
collateral
mortgage
lien
Tags
CCSS.L.11-12.6
CCSS.L.8.6
CCSS.L.9-10.6
CCSS.W.11-12.2D
CCSS.W.9-10.2D
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A business or organization that loans money to people is a ___________.
qualify
lending institution
term
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A set amount of time is a ___________.
term
cosigner
lien
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
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