Unit 9 Chapter 25 Word Scramble
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Question | Answer |
Credit | An agreement to get money, goods, or services now in exchange for a promise to pay in the future |
Creditor | Person or organization that lends money or provides credit |
Debtor | Person who borrows money or uses credit |
interest | A fee charged for the use of money |
consumer credit | Credit used by people for personal reasons |
commercial credit | Credit used by businesses` |
credit rating | A measure of a persons ability and willingness to pay debts on time |
charge account | Credit provided by a store or company for comsumers to buy its products |
installment loans | Loans repaid in regular payments over a period of time |
collateral | Property or goods pledged by a borrower to use as security against a loan if the loan is not repaid |
Military* | of or relating to soldiers, arms, or war |
Contributes* | to play a significant part in bringing about an end or result |
Costantly* | Continually occuring or recurring |
Committed* | To pledge or assign |
Available* | Present or ready for immediate use |
Annual* | Occurring or happening every year or once a year |
Range | A series of things in a line |
Options* | aN ALTERNATE COURSE OF ACTION; a choise |
Credit limit | the point where you cannot charge any more |
Pawnshop | based on the value of something you own that is left with a pawnbroker as security against money borrowed |
Payday advance services | Offer short term loans until payday |
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