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