A(n) ________ is a loan involving a formal contract that details exactly how much you’re borrowing and when and how you’re going to pay the loan back.

The _____ is the entity who designates the beneficiary of the insurance policy.

Special provisions that may be added to your policy which either provide extra benefits to the beneficiary or limit the company’s liability under certain conditions are known as _____.

During the economic downturn that occurred between the fall of 2007 and spring of 2009, stocks declined in price. This period is known as a(n) _____.

The main factor that determines the cost of a line of credit is the ________, which is also considered the true simple interest rate paid over the life of the loan.

PITI stands for the total of your monthly _____.

Cash and investments that can be easily converted into cash are termed ____.

You are in the process of purchasing a new home. Expenses that the buyer and seller incur when finalizing the transfer of the ownership of the house are called _____.

The ________ is the interest rate you pay on your balance if you don’t make your minimum credit card payments on time.

________ is when a borrower is allowed to temporarily stop making student loan payments for a qualified reason such as an illness, financial hardship, or serving in a medical or dental internship or residency.