Vocabulary
Intellectual Property
Types Of Credit
Borrowing Money
Credit Protection Laws
100
Donee
What is the person that accepts a gift.
100
Trademark
What is a distinctive mark, symbol, or slogan used by a business to identify and distinguish its goods from producers sold by others.
100
Debtor
What is the party who buys goods on credit or borrows money.
100
Collateral
What is can secure payment if you do not pay.
100
Fair Credit Billing Act
What is when errors are made in bills sent by credit card companies and businesses that give credit __________ can help you.
200
Real Property
What is is land and anything permanently attached to it.
200
Copyright
What is a right granted to an author, composer, photographer, or artist exclusively publish and sell an artistic or literary work.
200
Interest
What is the cost of using someone else's money.
200
Security Interest
What is the interest that is given to creditors.
200
Fair Credit Reporting Act
What is prohibits the abuse of valuable consumer asset.
300
Intangible Property
What is has no substance and can not be touched.
300
Patent
What is gives an inventor the exclusive right to make, use, or sell an invention for 17 years.
300
Closed-end Credit
What is credit given for a specific amount of money and can not be increased by making additional purchases.
300
Repossess
What is take back goods.
300
Equal Credit Opportunity Act
What is ensures that both businesses and consumers are given and equal chance to obtain credit.
400
Abandoned Property
What is property that has been discarded by the owner without the intent to reclaim ownership.
400
Fair Use Doctrine
What is copyrighted, material may be reproduced without permission in certain cases.
400
Line of Credit
What is a maximum amount of money made available to you.
400
Secured Party
What is the lender or seller who holds the security interest.
400
Fair Debt Collection Practices Act
What is it is illegal for debt collectors or threaten consumers with violence, bad language, or contact consumers by telephone at inconvenient time or places.
500
Tangible Property
What is something that has substance and can be touched.
500
10 years
What is a registered trademark continues for ___ years and may be renewed for additional ___- year periods.
500
Open-end Credit and Closed-end Credit
What is the main two types of credit.
500
Annual Percentage Rate
What is APR
500
60 days
What is how many days do you have to notify your biller.
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