Financial Terms Flashcards
Flashcard
•
Business
•
12th Grade
•
Easy
Carolyn Holler
Used 2+ times
FREE Resource
Student preview
11 questions
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1.
FLASHCARD QUESTION
Front
Debt
Back
Money owed to another person, company, etc.
2.
FLASHCARD QUESTION
Front
Credit
Back
The ability to borrow money or buy things to be paid back later.
3.
FLASHCARD QUESTION
Front
Amortized Loan
Back
A loan designed to be paid off in a set amount of time.
4.
FLASHCARD QUESTION
Front
Principal
Back
The original amount of money borrowed.
5.
FLASHCARD QUESTION
Front
Interest
Back
The money that is added to the principal monthly due to the interest rate.
6.
FLASHCARD QUESTION
Front
Interest Rate
Back
The amount a loan is charged monthly.
7.
FLASHCARD QUESTION
Front
Loan Term
Back
The set amount of time a loan has to be repaid.
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