click below
click below
Normal Size Small Size show me how
Credit Essentials
BTC 25.1
Question | Answer |
---|---|
An agreement to obtain money, goods, or services now in exchange for a promise to pay in the future. | Credit |
Lends money or provides credit. | Creditor |
Borrows money or uses credit. | Debtor |
A fee charged by creditors for using their money. | Interest |
The type of credit used by people for personal reasons. | Consumer Credit |
Credit used by businesses. | Commercial Credit |
A measure of a persons ability and willingness to pay debts on time. | Credit Rating |
Of, relating to, or characteristic of soldiers or armed forces. | Military |
Give something in order to help achieve or provide something. | Contributes |
Without variation or change, in every case. | Constantly |
Bound or obligated, as under a pledge to a particular cause, action, or attitude. | Committed |
A point at where you cannot charge any more payments. | Credit Limit |