Bond
What is a bond ?
A loan of money paid back with interest
What is a down payment ?
This is the amount you pay up front before the loan
What is APR ?
Range for credit score ?
300-850
Sike you thought
What is Par Value ?
Total amount to be repaid to the buyer
This is the amount you borrow
What is a credit card ?
A credit car is a loan card
What is a mutual fund ?
A pool of money invested in a variety of bonds
What is identify theft ?
Obtaining and using someone's private info
What is a Maturity date ?
The date the bond is paid back in full
Capital Loan ?
A lender may decide what assets you have that can used to pay off loan
What is a joint credit card ?
When two or more people share an account
What is a load ?
You pay commission to salesperson for a bond
What is dumpster diving ?
People go through your trash looking for bills with your personal info on it
What is a us saving bond?
Smaller loans to the government.
Capacity Loan ?
Lender may decide your ability to repay the debt
What is a Delinquent ?
When you miss one or two payments
What is a balance fund ?
High return with low risk
What is skimming
Stealing credit/debt card info with a special device while you're using your card
What is a Municipal Bond ?
Issued by taxing authorities such as cities
Character loan ?
Lender may decide whether you possess the reliability
What is a predatory leader ?
Lending that imposes unfair a abusive loan terms on a borrower
What is a growth fund ?
Long term return so invested in growth companies
What is Phishing ?
When thieves pretend to be the IRS