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Types of Credit

BTC 25.2

QuestionAnswer
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
Created by: zachary_franz
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