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Busniess Math

Vocabulary Words

QuestionAnswer
Credit Card A card that allows the cardholder to purchase good and services by persenting it.
Charge Account An existing line of credit, often at a particular business.
Finance Charge Intrest that is charged to a credit account holder that does not pay off balance fully.
Unpaid-Balance Method Computing the finance charge on a credit account based on the portion of the previous balance that has not been payed.
Average-Daily-Balance Method Computing the finance charge on a credit account based on the average at the end of each day of a billing period.
Account Statement A bank statement that shows all deposits,withdrawals,and intrest credited to an account.
Created by: Logan Munyer