Banking

This activity is about the banking vocabulary, I matched up the terms with its definitions. Some words are new for me but the others I know them.
I just wrote down the words that I need find in the dictionary for its definition.

Mortgage: Debt instrument giving conditional ownership of an asset, secured by the asset being financed. The borrower gives the lender a mortgage in exchange for the right to use the property while the mortgage is in effect, and agrees to make regular payments of principal and interest. The mortgage lien is the lender's security interest and is recorded in title documents in public land records. The lien is removed when the debt is paid in full. A mortgage normally involves real estate and is a long-term debt, normally 25 to 30 years, but can be written for much shorter periods.

Overdraft: Amount by which a check exceeds the Available Balance in a checking account. Also, the negative account balance that results when a depositor writes checks exceeding the account balance. Bank customers who have an overdraft line of credit, called Overdraft Protection can write checks for more than the account balance whenever they want, without fear that their checks will be returned or they will have to pay overdraft check fees for bounced checks. Also called "overdraft privilege" a bounce protection.

Loan: Money advanced to a borrower, to be repaid at a later date, usually with interest. Legally, a loan is a contract between a buyer (the borrower) and a seller (the lender), enforceable under the Uniform Commercial Code in most states. The terms and conditions for repayment of a loan, including the finance charge or interest rate, are specified in a loan agreement. A loan may be payable on demand (a Demand Loan), in equal monthly installments (an Installment Loan), or they may be good until further notice or due at maturity (a Time Loan).

The source: English for Business Studies
A course for business studies and economics
Ian Mackenzie.Cambridge. Second Edition