Junior Vocab
Understanding Loans
loanloanborrowed a toy from a friend? A, they receive money from a lender, like a bank, because they need it for something important.Have you ever works in a similar way, but with money. When someone takes out a
loanpromise to paypayments, they might be paying off a, just like returning borrowed toys.They back the same amount later, often in smaller parts over time. So, when you see someone making