Topic: Loans, loan-related terminology in English 3

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

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

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

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

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

5. _________________ involves paying off several loans together.
  Commiseration
  Consultation
  Consolidation

6. To __________________ payment = To pay later, to postpone payment
  differ
  defer
  disperse

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

8. Getting a business loan isn’t as __________________ ( = uncomplicated) as it seems.
  straight and narrow
  straightforward
  straight

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

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


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