Financial Character Vocab

Front

How reliable you are in repaying debts

Back

Character

Front

Buying something you need now with a promise to pay later. Credit is also a measure of financial wellness.

Back

Credit

Front

Money that is owed in return for a loan or a purchase.

Back

Debt

Front

Debt that does not increase your net worth or help you earn more money.

Back

Bad debt

Front

Debt that increases your net worth or how much money your worth and helps you earn more money. Ex student loans

Back

Good debt

Front

How deserving you are of getting credit, according to companies that lend money

Back

Creditworthy

Front

Anything valuable that you own, such as money, a car, or a home.

Back

Asset

Front

Anything that you owe money on, such as a loan or credit card balance.

Back

Liability

Front

Anything that you owe money on, such as a loan or credit card balance.

Back

Liability

Front

Your current financial situation and whether you have the resources to pay back a new loan

Back

Capacity