Topic: Loans, loan-related terminology in English 2

Choose the best response to complete each of the sentences below.

1. The interest _________________ will be lowered if you make 12 consecutive payments on time.
  rate
  return
  level

2. We can transfer the money _________________ into your bank account.
  exactly
  directly
  evenly

3. This is not a one-time fee. It is a _________________ fee.
  recurring
  re-happening
  re-taking

4. He couldn't pay his loan. = He _________________ on his loan.
  defeated
  defaulted
  devastated

5. In the United States, it is illegal to _________________ an application fee for a federal loan.
  cover
  cause
  charge

6. How much is your __________________? = How much money did you borrow?
  interest
  origination fee
  principal

7. The bank hasn't __________________ our loan yet.
  processed
  provided
  answered

8. __________________ interest is basically accumulated interest.
  Accredited
  Accrued
  Acclimated

9. __________________ of the loan amount = no matter how much the loan amount is
  apart
  instead
  regardless

10. He couldn't pay his loan. = He is _________________ in repaying his loan.
  delinquent
  devious
  deprived


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