Credit 1
Credit 2
Credit 3
Credit 4
Credit 5
100
A business that offers gods and services to customer, ex: Department store
What is Retail Business?
100
Personal Property pledged to a lender to secure a loan
What is Collateral?
100
Unlicensed lenders who charge elevated rates of interest
What is Loan Sharks?
100
Businesses that offer goods and services to customers or department stores
What is Retail Stores?
100
A pre-established amount whereby you can add purchases up to a certain credit
What is Line of Credit?
200
Consumer promises to pay the full balance owed each month.
What is a charge card
200
Laws that set a maximum interest rate that can not be changed
What is Usury Laws?
200
The amount you pay annually for your credit card
What is annual fee?
200
An income from an investment paid in a series of resuglar payments made for a set number of years.
What is Annuity
200
Small loan companies that charge a high, but legal, rate of interest
What is Finance Companies?
300
A tax deferred retirement savings plan available to self employed individuals and their employees.
What is Keogh Plan
300
The property you posses that is worth more than your debts
What is Capital?
300
A tax deferred retirement savings plan that allows individuals to set aside up to a specified amount per year
What is IRA
300
A defined contribution plan for employees of schools, non profit organizations and government units.
What is 403b
300
The type of IRA where contributions are taxed, but earnings are not.
What is a ROBTH
400
The people to whom credit is extended
What is Borrower or Debtor?
400
The providing of a service for which you will pay later
What is Service Credit?
400
When purchases are not charged to a customer until a later date
What is Deferred Billing?
400
A time frame within which you may pay your balance in full and incur no interest charges
What is Grace Period
400
A person or company that extends credit to another individual
What is Creditor?
500
The cost of credit expressed as a yearly percentage
What is Annual Percentage Rate?
500
A plan whereby merchandise is set aside in a customer's name until it is paid for
What is Layaway?
500
The people to whom credit is extended
What is Borrower
500
A legal business that makes high interest loans based on the value of merchandise pledged at collateral
What is Pawnshop?
500
Free 300 Points
What is :)
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