
3.1-3.2 Vocab Flashcard Review
Flashcard
•
Mathematics
•
11th - 12th Grade
•
Hard
Wayground Content
FREE Resource
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11 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Organization or person using credit.
Back
Debtor
2.
FLASHCARD QUESTION
Front
Org/person extending credit to debtors
Back
Creditor
3.
FLASHCARD QUESTION
Front
Security that ensures loan repayment, like personal belongings or titles.
Back
Collateral
4.
FLASHCARD QUESTION
Front
Small loan at high interest, repaid with next paycheck.
Back
Payday Loan
5.
FLASHCARD QUESTION
Front
Interest rate remains constant during the loan duration.
Back
Fixed Rate
6.
FLASHCARD QUESTION
Front
Interest rate can change during the loan duration.
Back
Variable Rate
7.
FLASHCARD QUESTION
Front
An installment loan is used to finance a specific purchase for a specific time.
Back
Used to finance a specific purchase for a specific time.
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