Q3 Key Vocabulary Test

Front

Property pledged to assure repayment of a loan.

Back

collateral

Front

A person or business that loans money to others.

Back

capacity

Front

A timeframe within which you may pay your current balance in full and incur no finance charges.

Back

grace period

Front

An itemized bill showing charges, credits, and payments posted to your account during the billing period.

Back

billing statement

Front

A written statement of a consumer's credit history.

Back

credit report

Front

A determination that you are a good credit risk.

Back

credit worthy

Front

An amount typically charged by an ATM that does not belong to your own bank.

Back

ATM Fee

Front

An overdraft fee assessed when you spend more than you have in your account and don't have overdraft protection.

Back

NSF Fee

Front

Items of value that a person owns.

Back

Assets

Front

When estimated expenses are greater than estimated income.

Back

Cash Deficit