Question

Match each word with the phrase that best defines it.

lease

a legal agreement allowing a person

to use a car or property for a payment

installment

to buy something on credit

finance

a payment in a series that is made

over a long period of time

mortgage

a legal agreement to borrow money

for the purchase of a home

equity

the value of a property above any

loans that are owed

Intro

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Answer 1

Mortgage: A legal agreement to borrow money for the purchase of a home

Installment: A payment in a series that is made over a long period of time

Finance: To buy something on credit

Equity: The value of a property above any loans that are owned

Lease: A legal agreement allowing a person to use a car or property for a payment

Step-by-step explanation:

correct on edge