Fill in the gaps with the correct word.


1.  A person or organization, e.g. a bank or a building society, that lends money to people to buy property is called a (1 p.) .

2.  A person who borrows money from a bank or other organization in order to buy property is called a (1 p.) .

3.  We put up our home as (1 p.) in order to raise the money to invest in the scheme.

4.  Typically, when lending money to a company, a bank will take as security a (1 p.) over all or most of the assets of the company, the charge being a (1 p.) charge on land and certain other assets, and a (1 p.) charge over the remaining assets.

5.  Most directors would like to keep the company’s business premises free from further (1 p.) if at all possible.

6.  Building societies may (1 p.) on a mortgage, i.e. take away someone’s property, if payments are not kept up.

7.  An (1 p.) , also known as a debtor, is a person or entity who is legally or contractually obliged to provide a benefit or payment to another.

8.  The bank can seize the asset in the event of a (1 p.) in payment.

9.  Reiss used his Brooklyn home as (1 p.) for the loan.

10.  In the mid-1970s a young woman went to a shop to rent a television set and was required to provide a (1 p.) , i.e. someone who promises to pay the rent if she does not.