vocabulary
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
What is a debit card?
the city that Thea wants to move to one day.
What is Charlotte, NC?
A partial payment made in cash at the beginning of the purchase of a good or service, while the remaining balance is due later or is financed as part of a loan.
What is a down payment?
The amount of money you still owe to their credit card company.
What is a credit card fee?
A printed form directing a bank to withdraw money from and account and pay it to another account.
What is a check?
A measure of an individual's credit risk; calculated from a credit report using a standardized formula
What is a credit score?
Most expensive car used in the slideshow.
What is a Jeep Wrangler?
Largest source of student loans.
what is the Federal government?
A record of a consumer's ability to repay debts and demonstrated responsibility in repaying debts.
What is credit history?
the added funds to your account balance.
What is a deposit?
Total pay(before taxes)
what is gross income?
The three cars that Thea did research on.
What is Jeep, Beetle, and Kia Soul?
Original amount of money borrowed, separate from interest or fees.
What is Principal?
is the crime of obtaining the personal or financial information of another person for the sole purpose of assuming that person's name or identity to make transactions or purchases.
What is identity theft?
The removal of cash from an account, either at a bank or an ATM.
What is a withdrawal?
the amount an individual earns after subtracting taxes and other deductions
What is Net Income?
What is 10 weeks?
An asset that has been pledged against the loan repayment.
What is collateral?
a way in which credit card issuers generate revenue.
What is credit card interest?
A penalty fee required for having a negative balance in an account.
What is an overdraft fee?
the annual rate of interest that is charged for using credit.
What is APR?
A. $765 B. $266 C. $562 is the average car payment for a new car.
What is C. $562?
Need based loans.
What is Subsidized Stafford loans?
the maximum amount of money a lender will allow a consumer to spend using a credit card
What is a credit card limit?
A record given to an account holder by a
bank or credit union to keep the account
holder informed of all transactions made during
the statement period.
What is a bank statement?