Debt Vocabulary
Authored by Shad McGuire
Business, Other
10th - 12th Grade
18 Questions
Used 60+ times
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A yearly fee that is charged by the credit card company for the convenience of the credit card.
Tax Deduction
Annual Fee
Annual Percentage Rate (APR)
Introductory Rate
Loan Term
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan.
Tax Deduction
Annual Fee
Annual Percentage Rate (APR)
Introductory Rate
Loan Term
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An expense, such as a charitable contribution, that can be deducted from one's taxable income.
Tax Deduction
Annual Fee
Annual Percentage Rate (APR)
Introductory Rate
Loan Term
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Time frame that a loan agreement is in force, and before or at the end of which the loan should either be repaid or renegotiated for another term.
Tax Deduction
Annual Fee
Annual Percentage Rate (APR)
Introductory Rate
Loan Term
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An interest rate charged to a customer during the early stages of a loan; the rate often goes up after a specified period of time.
Tax Deduction
Annual Fee
Annual Percentage Rate (APR)
Introductory Rate
Loan Term
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A decrease or loss in value.
Credit Card
Credit Report
Credit Score
Debt Snowball
Depreciation
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A measure of an individual's credit risk; calculated from a credit report using a standardized formula.
Credit Card
Credit Report
Credit Score
Debt Snowball
Depreciation
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