11.2 Vocab

Question 1

renting

Answer 1

periodic payments (usually monthly) by a tenant to a landlord in return for the use of a property

Question 2

periodic payments (usually monthly) by a tenant to a landlord in return for the use of a property

Answer 2

renting

Question 3

fixed-rate mortgage

Answer 3

a mortgage with a set interest rate for a set number of years

Question 4

a mortgage with a set interest rate for a set number of years

Answer 4

fixed-rate mortgage

Question 5

mortgage principal

Answer 5

the amount borrowed (that has to be paid back) to purchase a home

Question 6

the amount borrowed (that has to be paid back) to purchase a home

Answer 6

mortgage principal