Credit Basics Vocab

Credit Basics Vocab

Assessment

Flashcard

Other

9th - 12th Grade

Easy

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10 questions

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1.

FLASHCARD QUESTION

Front

Principal

Back

Amount of the loan.

2.

FLASHCARD QUESTION

Front

Collateral

Back

Offering property to secure a loan.

3.

FLASHCARD QUESTION

Front

Co-Signer

Back

Someone with good credit and property that signs on your behalf to secure a loan.

4.

FLASHCARD QUESTION

Front

Credit

Back

Privilege of using someone else’s money for a time.

5.

FLASHCARD QUESTION

Front

Debtor

Back

Buys on credit or receives a loan.

6.

FLASHCARD QUESTION

Front

Creditor

Back

Anyone who sells credit or makes a loan.

7.

FLASHCARD QUESTION

Front

Three C’s of Credit

Back

Character, Capacity, Capital

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