Credit Cards/Reports
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| Annual fee | A yearly fee that may be charged by credit card issuers
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| Annual percentage | The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan
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| Rate (APR) | Annual percentage rate
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| Balance transfers | A balance transfer is where part or all of a debit balance (or debt) you owe to another lender is transferred from one credit card to another, usually to save money on interest rates
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| Bankruptcy | a condition of financial failure caused by not having the money that you need to pay your debts
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| Cash advances | A service provided by most credit card and charge card issuers. The service allows cardholders to withdraw cash, either through an ATM or over the counter at a bank or other financial agency, up to a certain limit
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| Co-signer | The act of signing for another person's debt which involves a legal obligation made by the cosigner to make payment on the other person's debt should that person default
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| Courtesy checks | Checks first given to you for free
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| Credit bureau | A company that collects information relating to the credit ratings of individuals and makes it available to credit card companies, financial institutions
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| Credit card | A small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit
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| Credit history | A credit history is a record of a borrower's responsible repayment of debts
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| Credit limit | Credit limit also refers to the maximum amount a credit card company will allow someone to borrow on a single card
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| Credit report | A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness
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| Credit score | A number assigned to a person that indicates to lenders their capacity to repay a loan.
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| Debt | the state of owing money.
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| Finance charge | any fee representing the cost of credit, or the cost of borrowing. It is interest accrued on, and fees charged for, some forms of credit. It includes not only interest but other charges as well, such as financial transaction fees.
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| Grace period | a period of time after a payment becomes due, as of a loan or life-insurance premium, before one is subject to penalties or late charges or before the loan or policy is canceled
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| Interest rate | the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
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| Introductory rate | An interest rate charged to a customer during the initial stages of a loan.
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| Late payment fee | A late payment fee (a late charge) is charged to a borrower who misses paying at least their minimum payment by the payment deadline
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| Lender | an organization or person that lends money.
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| Line of credit | an amount of credit extended to a borrower.
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| Over-the-limit fee | A fee charged by a credit card company if a credit card user exceeds the card's credit limit.
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| Pre-approved | An evaluation of a potential borrower by a lender that determines whether the borrower qualifies for a loan from the lender, or the maximum amount that the lender would be willing to lend.
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| Principle | The amount borrowed or the amount still owed on a loan, separate from interest.
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| Secured loan | A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.
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| Term | The period of time during which a fixed-income security, investment, or agreement is in force
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