6.01
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| borrower | someone who recieves something with a promise to return it or its equivalent
🗑
|
||||
| closed end credit | a loan of a certain amount of money that a borrwoer must repay in a specified number of equal payments. also known as installment.credit
🗑
|
||||
| collection agency | businesses hired by lenders to ourchase payments on debts that borrowers have not paid back according to the terms of the credit
🗑
|
||||
| co signer | a person who is equally responsible for paying back debt under the credit terms
🗑
|
||||
| credit | refers to goods,services and/or money recieved in exchange for a promise to pay back a definite sum of money at a future date
🗑
|
||||
| credit history | a record of the borrower's past loans and credit related transactions
🗑
|
||||
| credit limit | a record of a persons use of the maximum dollar amount that can be borrowed
🗑
|
||||
| credit report | a record of a persons use of vredit
🗑
|
||||
| credit reporting agencies | agencies that create credit reports based on the information they recieve from lenders regarding a borrowers account history with that lender. sometimes called credit bureaus
🗑
|
||||
| credit score | a numerical summary of your credit history that indicates your credit worthiness
🗑
|
||||
| foreclosures | when a norrower fails to keep up with mortgage payments and the lender takes possession of the property
🗑
|
||||
| lender | a person or organization who makes funds available for others to borrow
🗑
|
||||
| open end credit | a line of credit established in advance so that a borrower does not have to apply for credit each time new credit is desired. also known as revolving credi
🗑
|
||||
| tax lien | a legal claim by a government entitty to takw an individuals property or income when their taxes are not paid in full
🗑
|
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.
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
Normal Size Small Size show me how
Created by:
BaileyBaucom
Popular Finance sets