Banking Flashcards

1
Q

bank

A

an institution that stores and loans capital

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2
Q

default

A

to fail to pay off a loan

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3
Q

govern

A

to manage and rule over something

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4
Q

interest

A

a charge or fee in exchange for borrowing money

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5
Q

loan

A

a granting of money for temporary use

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6
Q

regulate

A

to govern by providing guides and regulations

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