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Credit

General Business,  Mr. Ryba

Name:_______________________________
Horizontales
A credit arrangement where you pay as little as the minimum payment to as much as the entire balance each month
One who provides goods or services in exchange for a promise to pay by the debtor
Annual Percentage Rate
A short term loan where a company accepts a postdated check in return for advancing cash
Not paying as agreed on any type of credit
A loan backed up by collateral (i.e. "security deposit")
What must be paid each month to keep your account in good standing
The maximum amount you are allowed to borrow
A history of your previous credit
A period of no finance charges if pull payment is made by the due date
Verticales
The original amount borrowed (or invested)
A type of loan where the borrower agrees to pay the same amount each month
A business that lends money based on personal property (ie. jewelry)
A loan with no collateral
A number (400-850) that shows your credit worthiness
Any fee above and beyond what was borrowed
Obtaining a cash loan off a credit card
One who owes money
Consumer Finance Company-- a business that lends to people not eligible for bank loans (higher risk)