Relacionar Columnas Loan TermsVersión en línea Match the loan related terms with their definitions. por Stephanie Klocke 1 Federal Loans 2 Grace Period 3 Interest 4 Lender 5 Deferment 6 Private Loans 7 Borrower 8 Delinquent 9 Forbearance 10 Default 11 Principal A set period of time after graduation, leaving school, or switching to part time status before repayment begins Financial agreements made and funded by the government, based on eligibility criteria such as financial need An account where payment(s) are one or more days past due Financial agreements made and funded by banks or financial companies, often based on criteria such as credit score and income Amount of money borrowed An account where payment(s) are severely overdue, triggering severe consequences Percentage of balance, calculated monthly, charged to the borrower Individual or institution providing funding that must be paid back Individual requesting or receiving a loan A period when loan payments are suspended or reduced; interest may not accrue depending on eligibility A period when loan payments are suspended or reduced; interest continues to accrue
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