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12 Cards in this Set

  • Front
  • Back

Sufficient property to pay debts and legacies

Assets

Something pledged as security for repayment of a loan

Collateral

A joint signer of a loan

Cosigner

One to whom a debt is owned: a person to whom money or goods are due

Creditor

Money

Currency

A charge against a bank deposit

Debit

To take away the right to pay off a morgage

Foreclose

A charge for borrowed money generally a percentage of the amount borrowed

Interest

Financial obligation

Liability

A charge upon real or personal property

Lien

Removal from the place of deposit

Withdrawal

The lending of money at an exorbitant interest rate

Usury