Loan Terms Matching Quiz Worksheet

An amount of money borrowed that is expected to be paid back with interest.
The amount of money you borrow from a lender.
The length of time it will take to completely pay off the loan.
The process of paying down debt.
Demonstrates how each payment affects the loan.
The amount charged on top of the principal of a loan.
Set, consistent interest rates for the entire loan term.
Allows the interest rate to vary throughout the term of the loan.
Some type of property you own that you offer as security in order to obtain a loan.
Repay with a series of monthly payments.
Don't require collateral.
Borrow money to cover college education costs.
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