For most of us things have changed considerably since the above quoted American president offered that piece of advice. But not for everyone: I have recently spoken to a simple country man: low-income, three children. He was just extending his house. When I asked him whether the roof would be put before winter, he replied that he was 1._ for cash. I could see an easy way out: he could have the roof before the money (and winter) comes by borrowing it from a bank! That would be for a certain 2. _ period during which he would repay the money in fixed 3. _. In other words, he could 4. _ out a loan. Of course, for that convenience he would have to pay to the bank as a lender some 5. ____ and unlike most of us, he decided against that.
Naturally, banks will want to protect their borrowing in cases when the borrower 6. _ on payment (it could be due to illness or loss of job). For that purpose most loans are 7. _, that is to say, the borrower must offer some kind of 8. _ that a bank can use to get its money back. This is where 9. _ are required but since they have been in short supply lately, banks accept other forms of collateral such as time deposits with the bank, life insurance policies or investment in their investment funds. Croatian financial institutions offer a great number of ways in which you can borrow money for various purposes:
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Quick 10. ____ loans enable banks’ current account holders with regular income to buy goods when they are on sales and the salary has not arrived yet.
