Understanding debt Word Scramble
|
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
Question | Answer |
Debt | An amount of money that you owe to a person or company. |
Credit card | It allows you to buy goods immediately and pay for them later. |
loan | A sum of money given from one party to another for use over a period of time. The money is paid back according to terms agreed upon by both parties, including the specified interest rates and the timeframe over which it will be repaid. |
insurance | This is a way to protect something that has worth to you which is at risk of damage and loss in value. The insured person pays an amount each month or year (called a premium) to the insurance provider. |
Credit provider | The financial institution that has loaned you the money |
Creditors | People you owe money to |
Repossessed | If you can't afford to pay for something it may be taken beck from you |
Created by:
moneysense
Popular Finance sets