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Vocabulary Words

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
collateral   something used as security for a loan  
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cosigner   someone who signs a loan contract with a borrower and promises to pay if the borrower doesn't pay  
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dividend   money earned as profit by a company and divided among people who invested money in the company  
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fixed interest rate   a percentage that doesn't change  
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lien   a claim on property or possessions for payment of a debt  
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promissory note   a written promise to pay back a loan or money you owe  
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qualify   to show you are able to take on a responsibility, job, or task  
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variable interest rate   a percentage that changes or varies  
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verification   proof of the truth  
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Created by: MarieElyn
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