Team 1
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Team 2
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Teams
Name
Score
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25
×
finance charge
the total cost to use credit, including interest, loan fees, and credit insurance
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10
×
interest rate
the percentage of the principal that a borrower pays for the use of the borrowed money
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15
×
bankrupt
financial situation in which a court declares one's debts to be greater than the total value of one's assets
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10
×
mortgage
a loan for purchasing real estate
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10
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defualt
failure to fulfill the terms of the loan agreement
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15
×
coapplicant, joint applicant, cosigner
someone who signs a loan with the borrower, thus accepting legal responsibility for paying the debt if the borrower defaults (does not pay)
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25
×
Rule of 78
a method of calculating interest by which the borrower pays more interest during the early months of a loan and less at the end of the loan period
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15
×
assets
any items of value that a person owns
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15
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creditor
lender; one to whom money is owed
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20
×
securities
stocks and bonds
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15
×
alimony
a financial amount paid to one's former spouse for support after a legal separation or divorce
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×
lifesaver
Give 15 points!
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fairy
Take points!
5
10
15
20
25
×
rocket
Go to first place!
Okay!
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lifesaver
Give 25 points!
Oops!
10
×
mortgage holder
person or institution that made the mortgage loan
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Okay!
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5
×
debt
money owed
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Okay!
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×
heart
Other team wins 5 points!
Oops!
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seesaw
Swap points!
Okay!
×
gift
Win 15 points!
Okay!
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lifesaver
Give 25 points!
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thief
Give points!
5
10
15
20
25
×
shark
Other team loses 15 points!
Okay!
×
shark
Other team loses 20 points!
Okay!
×
baam
Lose 20 points!
Oops!
×
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