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Argylls
Question | Answer |
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Credit | An arrangement to receive cash, goods, or services now and pay for them in the future. |
Creditor | An entity that lends money. |
Line of Credit | The maximum amount of money a creditor will allow a credit user to borrow . |
Consumer Credit | The use of credit for personal needs. |
Closed-end Credit | Credit as a one-time loan that you will pay back over a specified period of time in payments of equal amounts. |
Grace Period | A time period during which no finance charges will be added to your account. |
Financial Charge | The total dollar amount you pay to use credit. |
Collateral | A form of security to help guarantee that the creditor will be repaid. |
Net Come | The income you receive. |
Annual Percentage Rate | The cost of credit on a yearly basis, expressed as a percentage. |