* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download Word Wall Words
Payday loan wikipedia , lookup
Debt collection wikipedia , lookup
Federal takeover of Fannie Mae and Freddie Mac wikipedia , lookup
Household debt wikipedia , lookup
Debt settlement wikipedia , lookup
Financialization wikipedia , lookup
Syndicated loan wikipedia , lookup
Credit card wikipedia , lookup
Public finance wikipedia , lookup
Merchant account wikipedia , lookup
Credit rating agencies and the subprime crisis wikipedia , lookup
First Report on the Public Credit wikipedia , lookup
Interest rate ceiling wikipedia , lookup
Credit card interest wikipedia , lookup
Securitization wikipedia , lookup
CAMELS rating system wikipedia , lookup
Credit score wikipedia , lookup
Antigonish Movement wikipedia , lookup
Word Wall Words Personal Finance Chapter 11 Consumer Credit Chapter 11 Consumer Credit Personal Finance credit APR creditor credit finance down charge credit score co signer payment delinquent garnishment limit Definitions credit-The supplying of money, goods, or services at present in exchange for the promise of future payment. creditor- The business or organization that extends the credit. finance charge- The total cost of using credit, including interest and any fees. credit score- A numerical rating, based on credit report information, that represents a person’s level of creditworthiness. cosigner- A person with a strong established credit history who signs the credit application and contract along with the borrower. APR- (Annual percentage rating)- The annual rate of interest that is charged for using credit. credit limit- The maximum amount of credit that the creditor will extend to the borrower. down payment-A portion of the purchase price paid by cash or check at the time of purchase, reducing the amount borrowed. delinquent- Overdue. garnishment- The legal withholding of a specified sum from a person’s wages in order to collect a debt.