Topic: Loans, loan-related vocabulary in English 1

Match each definition with the letter of one of the following:

a - fixed
b - terms
c - fees
d - to refinance
e - principal
f - promissory note
g - disbursement
h - interest rate
i - to accrue
j - co-signer

1. someone who promises to pay for you in case you can't →

2. a contract between the borrower and the lender (bank, etc.) →

3. conditions, rules →

4. what you have to pay for a particular service →

5. to accumulate →

6. the percentage of a loan that you are charged for borrowing money →

7. to change the terms of a loan, agreement →

8. paying out the money (as agreed upon in a loan) →

9. the amount of money that is being loaned →

10. unchanging, not variable →

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