Real Life: Banking (3)

A period of ..... is an additional time period granted by a lender that gives the borrower more time to make a regular payment on a loan without incurring any penalties.

In the United States, a ..... plan allows a person to save for his/her retirement. With this type of plan, a person can postpone paying income taxes on the amount invested until a withdrawal is made during his/her retirement years.

A home ..... loan is a loan that is secured by property but only to the point of fair market value minus the debt acquired in the deal.

The ..... amount on a loan is the original amount that was borrowed. Interest rates are calculated from this original debt amount.

The FDIC (Federal Deposit Insurance Corporation) is national agency in North America that ..... funds in participating banks for up to $100,000.

A money ..... is a certificate of payment for a specified amount of money that is paid for upfront. These are usually issued by banks and post offices.

A security ..... is a worker who is hired by a bank in order to protect customers, vaults, armored trucks etc.

If a person wants to save money, he/she usually opens a ..... account. This kind of account is primarily used as a saving tool and there are usually more deposit transactions than withdrawals.

A certificate of deposit (CD) is an interest-earning account that offers a higher rate of return on investments but the money is ..... for a longer, specified amount of time.

When it comes to online banking, a customer must first register and then he/she is able to sign in with a Login ID and a ......