Category 1
Category 2
Category 3
Category 4
Category 5
100
when you buy something now and pay for it later?
What is Credit
100
a source of credit (hint: lender)
What is Creditor
100
a fee that happens yearly
What is Annual
100
a written record of a sale
What is a Sales Slip
100
an account for two people
What is a Joint Account
200
a credit card issued by banks
What is a Bank Credit Card
200
a form of credit offered by stores
What is a Charge Account
200
To approve something or give permission
What is Authorize
200
a form showing the transactions and balances for a credit card account
What is a Credit Card Statement
200
Being charged more than you should be
What is Overcharged
300
when something that happens in a business is recorded
What is a Transaction
300
a form of credit in which you pay for an item in monthly payments
What is Installment Plan
300
This identifies the person buying on credit.
What is a Credit Card
300
part of the installment price paid at the time an item is bought. (cash price x rate)
What is Down payment
300
the day a note must be paid.
What is Due Date
400
the principal + interest owed on the due date of a promissory note
What is Amount Due
400
the amount borrowed on a note
What is Principal
400
the annual finance charge shown as a rate or percent
What is Annual Percentage Rate (APR)
400
a written promise to pay
What is Promissory Note
400
the installment price less the down payment (amount borrowed)
What is Amount Financed
500
money paid for the use of money
What is Interest
500
the difference between the cash and installment prices of an item
What is Finance Charge
500
the down payment + the total of all monthly payments
What is Installment Price
500
People who are likely to pay off their debts
What are Good Credit Risks
500
something printed in raised characters
What is Embossed
M
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