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Financial Terms/Vocabulary for ESL | Topic: Loans, loan-related terminology in English 3

(Choose the best response for each one)

1. If you default on a loan, your _________________ can take a number of actions to recover the money.

2. I have to make _________________ to repay my loan.
  the arrangement

3. They might _________________ ( = retain, keep) part of your salary.
  hold up

4. There is a way to _________________ the repayment period. ( = to prolong this period)

5. _________________ involves paying off several loans together.

6. To __________________ payment = To pay later, to postpone payment

7. These payments have to be made on a monthly __________________. ( = every month)

8. For tax __________________, you may be considered "single", even though you are actually married.

9. We will also require an official document __________________ by your employer stating how much you earn per year.

10. A co-signer is legally _________________ ( = responsible) for the repayment of the loan.

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