Economics Credit Vocabulary
Authored by Dodson Manuel
English
9th - 12th Grade
CCSS covered
Used 9+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the formal process that allows debtors and creditors to resolve the problem of the debtor’s financial shortcomings through a reorganization plan.
Chapter 7 Bankruptcy
Chapter 11 Bankruptcy
Chapter 13 Bankruptcy
Chapter 15 Bankruptcy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an individual status that through liquidation eliminates most types of debt and stays on a person’s credit report for ten years.
Chapter 7 Bankruptcy
Chapter 11 Bankruptcy
Chapter 13 Bankruptcy
Chapter 15 Bankruptcy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
permits debtors with regular incomes to pay all or a portion of their
debts under the protection and supervision of the court.
Chapter 7 Bankruptcy
Chapter 11 Bankruptcy
Chapter 13 Bankruptcy
Chapter 15 Bankruptcy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something that is owed that will decrease future earnings.
Foreclosure
Repossession
Alimony
Debt
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
taking collateral when a borrower fails to repay a loan.
Foreclosure
Repossession
Alimony
Debt
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the forced sale of property.
Foreclosure
Repossession
Alimony
Debt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the court ordered periodic allowance given by the higher earner of two former spouses.
Foreclosure
Repossession
Alimony
Debt
Tags
CCSS.L.11-12.6
CCSS.L.9-10.6
CCSS.W.11-12.2D
CCSS.W.8.2D
CCSS.W.9-10.2D
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