4.1-4.4 Vocab
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Truth in Lending Act | A law that offers protection if a credit card is lost or stolen
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| debit card | A card that acts as an electronic check and is not a credit or a charge card.
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| average daily balance | The average amount owed per day during a billing cycle.
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| principal | The balance, or amount of money, in an account, or amount borrowed.
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| finance charge | The interest that is charged to a buyer when paying for a purchase or service over time.
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| collateral | Security, such as a personal belonging, car or boat title, CD,stock certificates, that insures a loan will be repaid.
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| annual percentage rate | The interest rate paid per year or charged per year.
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| FICO score | A score that summarizes the probability that a debtor will pay a debt and is a reliable way that creditors judge credit worthiness.
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| debtor | Organization or person who uses credit.
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| creditor | Organization or person who extends credit to debtors.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
akominiarek
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