MCU: StartPoint (sm) - Lingo Pop Quiz

Lingo Pop Quiz

Sure... you know your money language and can talk the talk, but let's see if you can walk the walk. Take our credit language quiz and match each word with its meaning. Click the definition to get the answer.

The Lingo

borrow
borrower
collateral
defaulting
good credit rating
interest
lender
loan
repossess
time payment

The Definitions

The cost of using or borrowing money

Money or property given to a person who agrees to give it back by a certain time

Paying a loan in small parts on a schedule

You have this if you pay back loans as agreed

The property that you promise to give the lender if you can't pay back the loan

The person who gets the money

The person who furnishes the money

Not paying your loan

Taking the property that was promised when the loan is not repaid on time

To use someone else's money or property for a time