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