This bank serves small savers overlooked by commercial banks
What is Savings Bank
100
Rating of the risk involved in lending to a specific person or business
What is Credit Rating
100
Cost of credit expressed monthly in dollars and cents
What is Finance Charge
100
Daily Double
What is College, experience
200
Most durable goods are purchased with what type of Plan
What is Installment Debt
200
This bank accepts deposits and Lends Funds
What is Savings and Loan Associations or Banks
200
Credit extended to a consumer allowing a consumer to buy goods and services from a particular company
What is Charge Accounts
200
Law restricting the amount of interest that can be charged for Credit
What is Usury Law
200
What is the interest amount in Nebraska under Usury law
What is 16%
300
If I take out an $1,000 dollar loan, after two years you pay $1250, what is your principal
What is 1,000
300
This type of Bank is operated and owned by its members
What is Credit Union
300
Credit device that allows a person to make purchases at many kinds of stores almost anywhere
What is Credit Cards
300
State of legally having been declared unable to pay off debts
What is Bankruptcy
300
Goods that last over three years are called
What is Durable goods
400
Loan that is backed up by collateral is called
What is a Secured Loan
400
This bank lends funds, deposits, and transfers among banks, individuals and businesses.
What is Commercial Banks
400
Private Business that investigates a person to determine the risk involved in lending to that person
What is Credit Bureau
400
Type of loan repaid with equal payments, over a specific amount of time
What is Installment Debt
400
Something of value that a borrower lets the lender claim if the loan is not paid off
What is Collateral
500
an Unsecured Loan is back up by what?
What is a Promise
500
A company that takes over contracts for installments debts from stores and adds a fee for collecting the debt. usually give these debts a higher interest rate
What is Finance Company
500
Cost of credit expressed as a yearly percentage
What is APR or Annual Percentage Rate
500
Receipt of funds that buys goods or services with a promise to pay in the future
What is Credit
500
Investigation of a person's income, current debts, and personal life, also the past history of borrowing and repaying debts