Credit

Credit is the supplying of money, goods, or services in exchange for the promise of future

• jobs

• payment

• lending

• options

Property that is pledged to guarantee repayment of the loan.

• Interest

• Principal

• Collateral

• Secured credit

A set portion of a loan amount that a borrower must pay at regularly scheduled intervals

• Installment

• Payment schedule

• Finance charge

• Commercial credit

A line of credit that can be used repeatedly.

• Closed-ended credit

• Open-ended credit

• Installment

• Credit

The original amount borrowed.

• Collateral

• Credit

• Principal

• Interest

The supplying of money, goods, or services at present in exchange for the promise of future payment.

• Credit

• Creditor

• Collateral

• Finance charge

The cost of using credit, including interest and fees.

• Interest

• Credit

• Finance charge

• Principal

Dates on which installments are due and the amount of each installment.

• Payment schedule

• Installment

• Finance charge

• Credit

A record of a particular consumer's transactions and payment patterns

• Capital

• Collateral

• Cosigner

• Credit rating

• Credit report

Items owned, or assests

• Capital

• Collateral

• Cosigner

• Credit rating

• Credit report