Credit Vocab Grade 6

A thing that is borrowed, usually a sum of money

• Loans

• Savings

• Checking Accounts

• Interest

Money paid regularly at a particular rate for the use of money lent

• Savings

• Interest

• Credit

• None of the above

A card issued by a bank, allowing you to purchase goods or services on credit

• ATM Card

• Debit Card

• Credit Card

• Savings Card

A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.

• Credit Card

• Debit Card

• ATM Card

• None of the Above

An account at a bank where you can deposit and withdraw money

• Checking Account

• Credit Account

• Debit Account

• None of the Above

A rating of your previous responsibility with credit

• Scorecard

• Credit Score

• Analysis

• None of the Above

APR

• Actual Performance Rate

• Actual Primary Rate

• Annual Percentage Rate

• Actual Perentage Risk

The original sum of money invested or lent

• Interest

• Credit

• Principal

• Account

Purchases or advances using the credit card that have not yet been paid back, owed to your credit card company

• Loans

• Credit Card Debt

• Cash Advances

• Returns

Someone who signs jointly with a borrower to get approved for a loan

• Banker

• Debtor

• Co-Signer

• Creditor