Vocab
Help!
|
|
||||
|---|---|---|---|---|---|
| the amount of money received over a period of time either as payment for work, goods, or services | income
🗑
|
||||
| a fixed annual sum paid at regular intervals, usually monthly, to an employee especially for professional or clerical work | salary
🗑
|
||||
| an amount of money, a service, or an item of property that is owed to somebody | debt
🗑
|
||||
| the job by which someone earns a living | occupation
🗑
|
||||
| related to or considered appropriate to a rank in society | social class (wealth, income, education)
🗑
|
||||
| an amount of money given to somebody on the condition that it will be paid back later | loan
🗑
|
||||
| the period of time that it will take the borrower to repay the loan | loan term
🗑
|
||||
| the total amount of money lent to a borrower by a money-lending organization | mortgage
🗑
|
||||
| who could the lender of a mortgage be | bank or individual person
🗑
|
||||
| a tax based on the value of a house or other property | property tax
🗑
|
||||
| pays for schools, town improvements, and salaries of employees who work in that town | property tax
🗑
|
||||
| the increments that mortgage terms are given | 10, 20, or 30 years
🗑
|
||||
| if you have a longer term you will pay ________ interest and your monthly payment will be a ________ lesser amount | more, lesser
🗑
|
||||
| when can you pay off your mortgage loan | any time during the term
🗑
|
||||
| if you pay off your mortgage at any time, what can banks do | penalize you
🗑
|
||||
| what happens once you pay off your mortgage | you own your home and receive the deed
🗑
|
||||
| a document that states that you own your home | deed
🗑
|
||||
| why do lenders lend money | to collect interest
🗑
|
||||
| a fee that the borrower pays to the lender as a form of compensation for the loan | interest
🗑
|
||||
| what is the interest rate for a typical 30 year mortgage | 3% - 5%
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
madison.heaton
Popular Computers sets