VOCAB 21-45 FLASH CARDS

Front

Credit Card

Back

A card issued by a financial institution that lends money for purchases, which must be paid back with interest if not paid off within a billing cycle.

Front

Credit History

Back

Information about how you've handled your credit accounts in the past.

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Credit Limit

Back

An amount of money that lenders make available to you, which you can use over time or all at once.

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Credit Score

Back

A prediction of your credit behavior, such as the likelihood of paying a loan back on time, based on your credit reports.

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Credit Union

Back

A not-for-profit financial institution that is member-owned and operated, licensed to receive deposits and issue loans.

Front

Debit Card

Back

An ATM card used to pay for goods, drawing money from a checking account, unlike a credit card that borrows money.

Front

Debt

Back

The amount of money you owe to a lender.

Front

Deductibles

Back

A specific amount of money that an insured person must pay before an insurance company will pay a claim.

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Deposit

Back

Money added to an account.

Front

Direct Deposit

Back

An automatic deposit to your account made by your employer or an outside agency, usually recurring.