Career Paths Accounting 2 Unit 10

to fail to make payments

a percentage added to a loan amount yearly

the fee for making a loan

to use an asset as collateral

favorable conditions & desirable terms

• SYNONYMS

• NOT SYNONYMS

Having ... interest is a great way to lower tax bills.

The company must ... its debts before borrowing more.

• pay off

• take off

• take out

• pay out

Defaulting on the loan would result in the loss of ...

• collateral

• mortgage

• susceptibility

• advanced payment

The bank has a(n) ... on the company's building.

• senior claim

• upper hand

• majority

• priority

A bad economy forced the company to ... another loan.

• take out

• take off

• pay off

• pay out