A financial institution that accepts deposits from the public.
A Bank
Most payment plans are based on this and a credit check will be done.
What is "On Approved Credit" or a credit check?
Money that is loaned or borrowed, that needs to be paid back, often times with interest (additional fees).
Credit
The money charged for the privilege of borrowing money.
What is interest?
The actual purchase price
What is a principal?
The cost for borrowing money.
What is Interest?
A card used to make purchases with the agreement that the cardholder will pay back the card issuer for the purchases and any fees and interest
What is a credit card?
Those Expenses you must pay from month every month; Rent; Car Payment; Electric; Food
What are Fixed Expenses