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Chapter 15 Credit

Horizontales
The value of the borrower's assets.
The person or business that grants a loan or sells on credit.
An indication of the level of risk that a person or business will pose if credit is granted to them.
American Express is classified as a ______ card.
Something of value that the lender can take and sell if the loan is not paid.
A borrower's ability to make payments on time.
A person or business that buys on credit or recieves a loan.
One of the most popular type of bank issued credit cards.
Verticales
A type of loan that is usually 1-5 years.
A borrower's willing ness to repay a loan.
A type of loan that is interest free for a set period of time.
A credit plan that requires you to make a down payment and fixed regular payments.
A long term credit plan for buying property.
A _________ can be used to finance almost anything other than a house.
This type of credit card is issued by a store.
The priviledge of using someone else's money for a period of time.
_______ issued credit cards are the most popular.