defernitions
mo defernitions
morrr defernitisnos
mooooorrrrr fernitions
100
the privelage of using osomeone elses money for a periond of time
What is kredit
100
used by buisinesss whens recieves goods from whlesaler and pay for them at a later specified dat
What is trades credit
100
you gain reputation for being dependable and paying yer bills
What is credit rating
100
a contract issued buy the ssellers that requires peridoci payments to be made at specific times during the payment
What is installment sails credit
200
anyone who buys ion credit
What is debitor
200
buisnesses or individuals ffrom who you have recieved credit in the past and can help verify a credit report
What is credit references
200
wwass one in whic the selller expects full payment over a certain amount of time
What is regular account
200
payment of part of the purchase credit
What is down payment
300
the creditorbelieves that debitor will onor to pay the goods they bought
What is trusts
300
honesty and willingness to pay debt you owe
What is character
300
payments of a certain ficksed amount to be made over several months
What is budget account
300
agree to make monthly payments in specified amounts over a period of time
What is installment loans
400
if you borrow money to be used fer a special purpose
What is lone credit
400
refers to your ability to pay your debt when its due
What is capacity
400
purchasses can be charged at anytime but only part of the debt can be paid each munth
What is revolving account
400
do not pay anything til the end of the loan pariod possibly 60-90 days
What is single payment loan
500
offerd buy most reatlil and wholesale businsess
What is sales credit
500
value of borrowers possessions
What is capital
500
additional amount you must pay for using credit cards
What is finance charge
500
written promise to repay base on debitors excellent credit rating
What is promisary note
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