a summary of financial transactions which have occurred over a given period of time.
What is bank statement .
100
Large purchases are commonly bought using ...
What is A bank credit card.
100
what does TILL stand for ?
What is TRUTH IN LENDING LAW.
200
(of a person or organization) declared in law unable to pay outstanding debts
What is bankruptcy.
200
a company that collects information relating to the credit ratings of individuals and makes it available to credit card companies, financial institutions, etc.
What is credit bureau.
200
a signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand.
What is promissory note.
200
signing a promissory note occurs when using ...
What is a loan.
200
TRUE OR FALSE. a person could be denied credit because of their income.
What is true.
300
something pledged as security for repayment of a loan, to be forfeited in the event of a default.
What is collateral.
300
a process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid
What is credit counselor.
300
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt
What is interest.
300
a register of checks issued (usually in numeric order)
What is a check register.
300
what does CCCS stand for ?
What is consumer credit counseling service
400
serving as a character reference for someone else; it means that you risk having to repay any missed payments immediately.
What is cosigner.
400
an estimate of the ability of a person or organization to fulfill their financial commitments, based on previous dealings
What is credit rating.
400
a loan that is repaid over time with a set number of scheduled payments;
What is installment loan.
400
what shows the debts you owe, how often you use credit, and whether you pay your debts on time.
What is a credit report.
400
If you charge a purchase at the time you buy the goods or services you are using ...
What is sales credit.
500
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
What is credit.
500
an initial payment made when something is bought on credit
What is down payment.
500
any fee representing the cost of credit, or the cost of borrowing
What is financial charge.
500
what should you remember when signing a contract? (KWYS)
What is know what your signing.
500
why should you write you name in cursive on a check?