Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove Ads
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Argylls 8 HLH

Credit An arrangement to receive cash, goods, services now and pay for them now and pay for them in the future.
Creditor An entity that lends money.
Closed-end credit Credit as a on e-time loan that you will pay back over a specified period of time in payments of equal amounts.
line of credit the maximum amount of money a creditor will allow a credit user borrow.
What are four kinds of loans? Inexpensive, medium-priced, expensive, and home equity loans.
finance charge the total dollar amount you pay to use credit.
grace period a time during which no finance charges will be added to your account.
What are three kinds of credit cards? Debit card, cobranding, and smart card.
APR Annual Percentage Rate
net income the income you receive
collateral a form of security to help guarantee that the creditor will be repaid.
simple interest the interest computed only on the principal, the amount that you borrow.
credit rating a measure of a person's ability and willingness to make credit payments on time.
cosigning loan means that you agree to be responsible for the loan payments if the other person fails to do so.
bankruptcy a legal process in which some or all of the assets of the debtor are distributed among the creditors.
minimum monthly payment the smallest amount you can pay and remain a borrower in good standing.
what are the five Cs of credit. character, capacity, capital, collateral, and conditions.
open-end credit credit as a loan with a certain limit on the amount of money you can borrow for a variety of goods and services.
What is an advantage of credit? Lets you enjoy goods and services now and pay for them later.
What is a disadvantage of credit? Credit is a temptation to buy more than you can afford.
Created by: hlhiatt