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_