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Vocabulary Terms Review for Unit 5: Credit

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
Billing Statement   Tells how much you owe for goods and services.  
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Account   Record of financial transactions  
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Utility bill   Bill for services such as electricity, water, garbage, collection.  
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Housing Bills   Rent or Mortgage payment  
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Company   Provider of goods or services  
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Customer   The person who receives goods or uses services provided  
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Account Number   Unique combination of numbers and/or letters that identifies a specific customer.  
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Billing Period   The period for which the current charges are calculated  
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Remittance Information   The address to which you should send the payment, or other way to pay your bill.  
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Currency   Cash or other transactions that treated just like cash  
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Three forms of currency   Paper money (bills) and coins; checks; and debit card  
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Overdraft fees   Charges that occur when a person withdraws money from an account in which there is not that much money in the account.  
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PIN   Personal Identification Number used to access an ATM or to access secured online environments.  
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ATM   Automated Teller Machine  
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Credit Score   An overall grade of a person's credit worthiness  
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Created by: DawnieAlaine
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