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credit vocab

TermDefinition
Creditor • A person, company, or institution to whom money is owed.
Capital • Financial wealth or the money/assets used by a business to invest or produce goods.
Collateral • An asset or property pledged by a borrower to a lender as security for a loan.
Principal • The original amount of money borrowed or invested, separate from any interest.
Finance charge Any fee or cost associated with borrowing money or using credit, including interest and processing fees
Created by: user-2063635
 

 



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