6.02 Word Scramble
|
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
Term | Definition |
alternative credit | source of credit (may combine some open- and closed- end credit); higher interest rates and fees |
closed-end (installment) credit | loan; must repay by specific terms |
open-end (revolving) credit | extended line of credit established in advance; (do not have to apply for credit every time it is desired; inspecific in payment terms |
pawn loan | loan based on one's personal property value |
payday loan | short-term loan; provides immediate cash by 1)securing a borrower's written check, or 2)receiving authorization for automatic withdrawal from the borrower's bank account |
refund anticipation loan | short-term cash advance secured by a taxpayer's expected tax refunds |
rent-to-own | tangible items leased w/ conditions that the item will be owned by the renter if the term of rent is completed |
title loan | borrower gives the lender his automobile title in exchange for a set amount of cash; when loan is repayed, title is returned |
Created by:
Tate.cord70
Popular Finance sets