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Personal Finance
Choices
Credit
Loans
Miscallenous
100
What do you not want your APR/Interest Rate to go beyond?
6.5% to 10%
100
Your likes and dislikes. Your tastes.
Personal Preferences
100
A person who borrows money from others.
Debtor
100
A legal business that makes high-interest loans based on the value of personal possessions pledged as collateral.
Pawnbroker (Pawnshop)
100
The value of your next best choice. What you are giving up.
Opportunity Cost
200
The management of money and financial decisions for a person or family, including: budgeting, investments, and retirement planning and investments.
Personal Finance
200
New ideas, products or services that bring about changes in the way we live.
Innovations
200
A person or business that loans money to others.
Creditor
200
Unlicensed lenders who charge illegally high interest rates.
Loan Shark
200
What is the name of the first price that you should know when trying to buy a car? Its what the dealership paid the manufacturer for the car.
Invoice Invoice Price
300
The current medium of exchange, an object that has been given value.
Money
300
Items beyond basic needs that add to your quality of life.
Life-Enhancing Wants
300
A service available to charge customers whereby purchases are not billed to the customer until much later than the standard billing time.
Deferred Billing
300
A timeframe within which you may pay your current balance in full and incur no interest charges.
Grace Period
300
The cost of credit expressed as a yearly percentage.
Annual Percentage Rate (APR)
400
The management of money and financial decisions for a person or family, including: budgeting, investments, and retirement planning and investments.
Financial Literacy
400
Things that are important to society as a whole. All citizens share in their costs and in their benefits.
Collective Values
400
The value of property you possess (such as bank accounts, investments, real estate, and other assets) after deducting your debts.
Net Worth
400
A loan for a specific amount that must be repaid in full, including all finance charges, by a stated due date.
Closed-End Credit
400
Giving up one option in exchange for another because your resources are limited.
Trade-Off
500
The old method of exchange; exchanging services and goods for other services and goods in return.
Bartering
500
An expense that occurred in the past for which money was spent and cannot be recovered.
Sunk Cost
500
The total dollar amount of all interest and fees you pay for the use of credit.
Finance Charge
500
A state law that sets maximum interest rate that may be charged for consumer loans.
Usury Law
500
Where the borrower can use credit up to a stated limit.
Open-End Credit