To be strapped for cash means nemati dovoljno novca. The repayment period is rok otplate, and installments refer to rate (kredita). When you take out a loan, you uzeti kredit, and the interest is kamata. If someone defaults, they ne platiti, ne podmiriti (novčanu) obvezu.
There are secured and unsecured loans, which are osigurani/neosigurani krediti. Collateral is known as instrument osiguranja, and guarantors are referred to as jamci. Quick consumer loans are brzi potrošački krediti, while all-purpose cash loans are nenamjenski gotovinski krediti. A foreign currency clause is valutna klauzula, and housing loans are stambeni krediti. Mortgage loans are called hipotekarni krediti, and to repossess means oduzeti (zbog neplaćanja).
Sales outlets are prodajna mjesta, and to withdraw cash is dići gotovinu. Beneficiaries of the loan are korisnici kredita, and to assess creditworthiness means procijeniti kreditnu sposobnost.
In Exercise 1, the translations are as follows: a) repayment period – rok otplate, b) interest – kamata, c) to repay in installments – otplaćivati u ratama, d) foreign currency clause – valutna klauzula, e) all-purpose loan – nenamjenski kredit, h) assessment of creditworthiness – procjena kreditne sposobnosti, i) collateral – instrument osiguranja, j) to default on a financial obligation – ne podmiriti novčanu obvezu.
In Exercise 2, the completed text is: A loan is an (1) amount of money you (2) borrow from your bank, usually over a fixed period of time, which is (3) repaid in fixed (4) installments over a set period. (5) Interest is charged and added to the original loan amount.
