Save
Upgrade to remove ads
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

TermDefinition
Creditor The person whom a debt is owed to
Capital the value of accumulated goods
Collateral property used by a borrower to protect the interest of a lender
Principal Amount paid monthly
Finance charge total cost when you borrow money
Debt collector (collection) someone who tracks amount of debt someone owes
Credit bureau a corporation that has information based on the creditworthiness of someone
Character assessment on how trustworthy someone is
Credit report report that shows all history regarding credit, payment history, and debts.
Capacity the maximum amount someone can afford to pay
Credit history history showing any late payments and missed payments.
Credit rating a score or grade a company gives someone that shows how likely they are to pay back a loan.
20/10 rule consumer debt should not be more than 20% of income and monthly debt payments should not be more than 10% of income.
Debtor someone who owes debt
Bankruptcy being unable to pay for debts
Secured loans loan that is backed up by collateral
Unsecured loans loans that are not backed up by collateral
Reaffirmation when a debtor agrees on paying debt.
Involuntary bankruptcy bankruptcy declared by creditors
Voluntary bankruptcy bankruptcy declared by debtors
Discharged debts - no need to repay debts
Liquidation How easily you can access money
Reorganization- changing a companies financial structure
Created by: user-1986138
 

 



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