Bank loans

1. A type of interest rate which can change during the time of the loan, is called _____variable
rate_______________

2. The amount of time to pay back a loan to a bank or lending institution is instcalled the
____repayment period_____________ _

3. A lower rate of interest that somebody is given on a loan because they are an important customer
of a bank is

a ______preferential rate______________

4. Another name for the 'small print' is the _____terms and conditions________________

5. A type of loan where you won't lose your property or assets if you can't pay is called an
______unsecured loan________________

6. The actual amount of money that a customer/borrower receives when they take out a loan is
called the ______principal________________

7. A type of interest rate which doesn't increase or decrease during the time of the loan is called
____fixed rate________________

8. The extra money/charges that you have to pay a bank for paying back a loan early are called
_______redemption penalties______________

9. The extra costs that you have to pay the bank for getting a loan are called
_____fees_______________

10. The name of the extra money a customer has to pay a bank if they are late with a payment, are
called ______charges________________

11. A type of loan interest rate which is a mixture of variable and fixed rates is called _____split
rate______________

12. A type of loan where you can lose your property or assets if you can't pay is called a
_____secured loan ________________
 Taxes
1. A different way to say you 'don't have to' pay tax is ____exempte_____________

2. The period of time that a government uses to calculate the amount of tax that people have to pay
is called the _____tax year_______________

3. Income or earnings before tax has been removed is called _____gross salary_________________

4. A document that a company or person sends to the government, so the amount of tax they have to
pay can be calculated is called a ____tax return_________________

5. The amount of money required before you begin to pay tax is called the
__thershold___________________

6. When the government tells you to pay more money in tax than you have already done is called a
___tax demand________________

7. The percentage of tax that is taken from an income by the government is called the _____tax
rate_______________

8. If a tax has different tax rates, the tax rates corresponding to different income ranges is called a
____tax bracket_____________