Credit Vocabulary

How a person has handled past debt obligations including credit history:

• capacity
• collateral
• character
• credit score

A loan repaid for a set amount with a set amount of months:

• revolving credit
• installment credit
• unsecured credit
• none of these

Something of value to guarantee the repayment of a loan:

• collateral
• capacity
• character
• none of these

Credit that is automatically renewed as debts are paid off:

• installment 
• revolving
• secured
• none of these

Refers to your ability to repay the debt:

• capital
• collateral
• character
• capacity

A yearly fee associated with having a credit card is a separate fee from interest rate on purchases:

• origination fee
• annual fee
• APR
• none of these

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

An amount of money borrowed by one party from another:

• revolving credit
• installment credit
• debt
• interest

Details a person's financial history specifically related to their ability to repay borrowed money:

• credit score
• credit report
• FICO
• character

The original money that a person borrows on credit:

• principal
• interest
• debt
• credit

Any fee representing the cost of credit, or the cost of borrowing:

• credit
• finance charge
• APR
• term