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Credit Vocabulary

For Financial Literacy

TermDefinition
Credit an assessment of your financial trustworthiness in order to pay back money borrowed.
Credit Bureau An agency that tracks all of your financial history in order to give you a credit score.
Credit Card A plastic card that can be used as money, but you have to pay interest on it.
Debt Money you owe
Interest Money you have to pay to borrow money (-), or money you gain from a savings or retirement account (+).
Terms The amount of time you have to pay money back.
Created by: WendoMH