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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.
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Term
Definition
Truth in Lending Act   show
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show A card that acts as an electronic check and is not a credit or a charge card.  
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show The average amount owed per day during a billing cycle.  
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principal   show
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show The interest that is charged to a buyer when paying for a purchase or service over time.  
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collateral   show
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annual percentage rate   show
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show 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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show Organization or person who uses credit.  
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creditor   show
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Created by: akominiarek
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