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Credit Terms - Vocabulary

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Middle School Finance Class

Created Date 10.16.20
Last Updated 10.17.20
Viewed 5 Times
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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