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