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23 June, 17:05

Match each word with the phrase that best defines it

equity

the value of a property above any

loans that are owed

lease

a payment in a series that is made

over a long period of time

installment

to buy something on credit

finance

a legal agreement to borrow money

for the purchase of a home

mortgage

a legal agreement allowing a person

to use a car or property for a payment

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Answers (1)
  1. 23 June, 17:27
    0
    See explanation below.

    Explanation:

    1. Equity: the value of a property above any loans that are owed.

    2. Lease: a payment in a series that is made over a long period of time installment, to buy something on credit.

    3. Finance: a legal agreement to borrow money for the purchase of a home.

    4. Mortgage: a legal agreement allowing a person to use a car or property for a payment.
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