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Unit 5: Credit - Lessons 1~6, Terminology

Unit 5: Credit - Lessons 1~6, Terminology

Assessment

Flashcard

Business

10th Grade

Practice Problem

Easy

Created by

Luis Matias

Used 2+ times

FREE Resource

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9 questions

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1.

FLASHCARD QUESTION

Front

The ability to borrow money; an agreement made between two parties where something is borrowed with a promise to pay back.

Back

Credit

2.

FLASHCARD QUESTION

Front

A number that represents how well or badly you manage your credit.

Back

Credit Score

3.

FLASHCARD QUESTION

Front

One to whom a debt is owed.

Back

Creditor

4.

FLASHCARD QUESTION

Front

An obligation to pay back something that has been borrowed.

Back

Debt

5.

FLASHCARD QUESTION

Front

One who owes a debt.

Back

Debtor

6.

FLASHCARD QUESTION

Front

A charge for borrowed money, generally a percentage of the amount borrowed.

Back

Interest

7.

FLASHCARD QUESTION

Front

An amount of credit extended to a borrower that they can draw on as needed.

Back

Line of Credit

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