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