Banking

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Terms in this set (...)

asset
property; something you own and can trade for money
liability
something you owe and are responsible for paying
lend
to give something that you have to pay back later
loan
something you borrow; you must pay back with interest
mortgage
a loan to buy a house
fee
money you pay for a service
interest
extra money you pay when you borrow something
profit
to earn more money than you spend

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