Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
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. Your email address is only used to allow you to reset your password. See 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.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
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

Credit & Reports

TermDefinition
Annual Fee Expense charged on a yearly basis such as a charge for having a credit card.
Annual Percentage Rate The yearly cost of borrowing money from a financial institution.
Balance Transfers A process that lets you move debt or balance from a credit card to another credit card.
Bankruptcy A persons process to planning on repaying debt.
Cash Advances A short term expensive loan.
Co-signer The act of signing with a borrower for a loan.
Courtesy Checks A way to access your credit line without going to an ATM.
Credit Bureau A company that collects credit ratings of individuals.
Credit Card A plastic card issued by a bank or business that allows the individual to make purchases.
Credit history A record of a consumers ability to repay debt.
Credit limit The maximum amount of credit a financial institution gives a consumer.
Credit report A breakdown record of a consumers history prepared by a credit bureau.
Credit score A number given to an individual that indicates to lenders their capacity to pay back a loan.
Debt Money that is owed or due.
Finance charge Any fee representing the cost of credit or the cost of borrowing.
Grace period The time period of debt right after a deadline.
Interest rate The amount a lender charges for the use of assets.
Introductory rate An interest rate charged to a consumer during the initial stages of a loan.
late payment fee A charge a consumer pays for making a required minimum payment on a credit card after a due date.
lender A person or organization that lends money.
line of credit An amount of credit extended to a borrower.
Over-the-limit-fee A fee charged when your balance goes over your credit card limit.
Pre-approved Pre qualification for a loan or a mortgage of certain value range.
principle The amount still owed on your loan.
secured loan A loan in which the borrower pledges some asset as collateral for the loan.
term Conditions under which an action may be undertaken pr agreement reached; stipulated or agreed-upon requirements.
Created by: Hweeks20
Popular Finance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards