25.1 - 25.2 Amber Brasket Credit
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Credit | An agreement to get money, goods, or services now in exchange for a promise to pay in the future
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| Creditor | Person or organization that lends money or provides credit
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| Debtor | Person who borrows money or uses credit
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| interest | A fee charged for the use of money
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| consumer credit | Credit used by people for personal reasons
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| commercial credit | Credit used by businesses`
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| credit rating | A measure of a persons ability and willingness to pay debts on time
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| charge account | Credit provided by a store or company for comsumers to buy its products
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| installment loans | Loans repaid in regular payments over a period of time
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| collateral | Property or goods pledged by a borrower to use as security against a loan if the loan is not repaid
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| Military* | of or relating to soldiers, arms, or war
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| Contributes* | to play a significant part in bringing about an end or result
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| Costantly* | Continually occuring or recurring
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| Committed* | To pledge or assign
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| Available* | Present or ready for immediate use
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| Annual* | Occurring or happening every year or once a year
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| Range | A series of things in a line
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| Options* | aN ALTERNATE COURSE OF ACTION; a choise
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| Credit limit | the point where you cannot charge any more
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| Pawnshop | based on the value of something you own that is left with a pawnbroker as security against money borrowed
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| Payday advance services | Offer short term loans until payday
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Amber_Brasket
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