Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
0:00
share
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 Cards/Reports

TermDefinition
annual fee Any fee that is charged on an annual (yearly) basis
annual percentage the interest rate for a whole year, rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, etc. It is a finance charge expressed as an annual rate
rate (APR) the amount of a charge or payment expressed as a percentage of some other amount, or as a basis of calculation
balance transfers the transfer of the balance in an account to another account, often held at another institution
bankruptcy a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts
cash advances a service provided by most credit card and charge card issuers; allows cardholders to withdraw cash, either through an ATM or over the counter at a bank or other financial agency, up to a certain limit; For a credit card, this will be the credit limit
co-signer serves as an additional repayment source for the primary borrower; can help a borrower to obtain loan terms that they may have otherwise been unable to be approved for
courtesy checks checks linked to your credit line that can be used just like checks linked to your checking account
credit bureau a company that collects information relating to the credit ratings of individuals and makes it available to credit card companies, financial institutions, etc
credit card a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit
credit history a record of a borrower's responsible repayment of debts
credit limit the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit
credit report a record of the borrower's credit history from a number of sources, including banks, credit card companies, collection agencies, and governments
credit score a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual
debt the state of owing money
finance charge any fee representing the cost of credit, or the cost of borrowing
grace period a period immediately after the deadline for an obligation during which a late fee, or other action that would have been taken as a result of failing to meet the deadline, is waived provided that the obligation is satisfied during the grace period
interest rate the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed
introductory rate an interest rate charged to a customer 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 the due date
lender an organization or person 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 limit
pre-approved the pre-qualification for a loan or mortgage of a certain value range
principle the amount that is owed on a loan before interest
secured loan a loan in which the borrower pledges some asset as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan
term conditions with regard to payment for something; stated charges
Created by: dkaiser20
 

 



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