
Q3 Key Vocabulary
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Easy
Jennifer Florian
Used 1+ times
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83 questions
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1.
FLASHCARD QUESTION
Front
The value of property you possess after deducting your debts.
Back
capital
2.
FLASHCARD QUESTION
Front
A loan for a specific amount that must be repaid in full, including all finance charges, by a stated due date.
Back
closed-end credit
3.
FLASHCARD QUESTION
Front
Property pledged to assure repayment of a loan.
Back
collateral
4.
FLASHCARD QUESTION
Front
The use of someone else's money, borrowed now with the agreement to pay it back later.
Back
credit
5.
FLASHCARD QUESTION
Front
A person or business that loans money to others.
Back
creditor
6.
FLASHCARD QUESTION
Front
A person who borrows money from others.
Back
debtor
7.
FLASHCARD QUESTION
Front
The total dollar amount of all interest and fees you pay for the use of credit.
Back
finance charge
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