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.
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


Creditor party to whom money is owed
Capital wealth in the form of money or assets
Collateral specific pledged as a secondary security by a borrower or guarantor
Principal capital as a distinct from the income derived from it
Finance Charge total cost borrow, including interest charges, commitment fees, and other charges paid by the borrowed for availing the loan facility
Debt Collector recovering amounts owed to a firm by its customers
Credit Bureau agency that researches and collects individual credit information and sells it for free to creditors so they can make a decision on granting loans
Character one of the five key factors considering in evaluation of a loan application is the applicants credit history and reputation in the community
Credit Report document that summarizes an entity’s credit history and present financial position and notifies about any lien in force or pending judgments against the entity
Capacity borrower’s ability to repay a debt on a timely basis, determined by deducting total cash outflow from the borrowers total income during a month
Credit History record of a borrowers payment behavior that reflects his/her ability to repay a loan
Credit Rating evaluation of the timely repayment ability of an individual, firm, or debt security
20/10 Rule Money borrowed should total below 20% of your annual after-tax income; not including mortgage/rent. Payments on all loans and credit cards should be no more than 10% of your monthly after-tax income
Debtor person who owes money
Bankruptcy legal procedure for liquidating a business which cannot fully pay its debts out of its current assets
Secured Loans Loan agreement under which a borrower pledges a specific asset or property which the lender can seize of default
Unsecured Loans Loan extended only on the basis of the borrower’s financial position, credit worthiness, credit history, and general reputation
Reaffirmation legal contract that states your promise to repay all or a portion of a debt
Involuntary bankruptcy a person or business is requested to go into bankruptcy by creditors, rather than on the person or business’ own accord
Voluntary bankruptcy US legal term proceedings whereby a debtor entity, on its own initiative, files a petition seeking relief from creditors
Discharged Debts cancellation or forgiveness of a debt
Liquidation winding up of a firm by selling off its free assets to convert them into cash to pay the firm’s unsecured creditors
Reorganization readjustment of a firm’s debt and capital structure after a bankruptcy or receivership order
Created by: laurenlend