Credit Terms - Vocabulary
Middle School Finance Class
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Topics of this game:
- The trust that lets people give things to other people in the hope they will repay later on
- A card issued by a bank, allowing you to purchase goods or services on credit.
- A card issued by a bank allowing the holder to transfer money electronically to another bank account
- A bank account that earns interest
- An account at a bank where you can deposit and withdraw money
- Buying or selling something, a business deal
- A rating of your previous responsibility with credit
- The annual cost of a loan to a borrower (%)
- Annual Percentage Rate: the annual cost of a loan to a borrower
- The original sum of money invested or lent
- Purchases or advances using the credit card that has not been paid back and owed to Credit Card Comp
- Someone who signs jointly with a borrower to get approved for a loan
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