Argyll 8 BB Word Scramble
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Question | Answer |
Credit | an arrangement to receive cash, goods, or services now and pay for them in the future. |
Creditor | the business that gives out loans. |
Open-end credit | credit as a loan with a certain limit on the amount of money you can borrow. |
line of credit | the maximum amount of money a creditor will allow a credit user to borrow. |
grace period | a time period during which no finance charges will be added to your account. |
finance charge | the total dollar amount you pay to use credit. |
net income | the income you actually receive after taxes. |
APR | annual percentage rate |
Collateral | a form of security for the creditor where you put an item down and if you don't pay the loan the creditor receives the item. |
Simple Interest | interest only computed by the principal |
minimum monthly payment | the smallest amount you can pay to still be a borrower in good standing. |
credit rating | a rating based on the person willingness and ability to pay a loan. |
CCCS | Consumer Credit Counseling Service |
NFCC | National Foundation for Consumer Credit |
Bankruptcy | a legal process in which come or all of someones assets is giving to the creditor. |
debit card | a card that allows the user to draw money straight out of their account. |
Loan | borrowed money with a promise to repay it plus interest. |
closed-end credit | a one time loan that you pay back over time. |
Credit score | a snapshot of your credit rating. |
cosigning | signing to a loan with someone and saying if they don't pay for it you will |
Created by:
BrocktonButcher
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