Relier Pairs Loan TermsVersion en ligne Match the loan related terms with their definitions. par Stephanie Klocke 1 Borrower 2 Interest 3 Default 4 Lender 5 Deferment 6 Delinquent 7 Private Loans 8 Grace Period 9 Principal 10 Federal Loans 11 Forbearance Individual requesting or receiving a loan 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 Percentage of balance, calculated monthly, charged to the borrower A period when loan payments are suspended or reduced; interest continues to accrue 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 An account where payment(s) are one or more days past due Individual or institution providing funding that must be paid back