Week 2 - Vocab

Front

Charge incurred by a company to service its debt.

Back

Interest charges

Front

Yearly charge by banks for card use.

Back

Annual fee

Front

Time between last statement closing and next.

Back

Billing Cycle

Front

Max amount a lender allows on a credit card.

Back

credit limit

Front

Amount sent after payment due date

Back

Late payment

Front

Charge for late payment on debt or financial obligation

Back

Late fee

Front

Stop something from being active, temporarily or permanently.

Back

suspended

Front

Amount left after spending or using up the rest

Back

balance

Front

Payment not made by cutoff time at due date.

Back

Past due

Front

Total sum of money owed by a set date

Back

Total amount due