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Types of Credit
BTC 25.2
Question | Answer |
---|---|
Credit provided by a store or company for customers to buy their products. | Charge Account |
Loans repaid in regular payments over a period of time. | Installment Loans |
Something of value that the bank can take if a borrower does not make the required loan payments. | Collateral |
Able to be used or obtained; at someone's disposal. | Available |
Occurring once every year. | Annual |
The area of variation between upper and lower limits on a particular scale. | Range |
A thing that is or may be chosen. | Options |
Offers short term loans until payday. | Payday Advance Services |
A loan based on the value of something you own that is left with a pawnbroker as security against money borrowed. | Pawnshop |