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PCS - PF ch 4
Personal finance vocab for chapter 4
| Term | Definition |
|---|---|
| co-signing | taking responsibility for someone else's loan |
| credit | money borrowed |
| credit report | detailed description of an individual's credit history |
| debt snowball | bebt payoff method where you pay off your smallest payment first then use that money to pay off your larger payments |
| loan term | time frame that a loan agreement is in force. |