Credit Reports & Loans

the amount of money that is borrowed

• interest

• principal

• term

• down payment

Tags

CCSS.7.RP.A.3

an person who signs a loan along with a primary borrower and promises to repay the loan amount if the primary borrower cannot

• cosigner

• lender

• commute

• principal

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

APR

• Annual Prorated Ratio

• Arbitrary Proportion Rate

• Amortization Processing Rate

• Annual Percentage Rate

Tags

CCSS.7.RP.A.3

money borrowed from a bank

• lease

• lender

• finance

• term

to "rent" a car for a long period of time

• lease

• finance

• borrow

• commute

the amount currently owed on a loan

• principal

• balance

• finance

• term

Tags

CCSS.7.RP.A.3

an account that has been written off by a lender as a loss, and the account is closed to future charges

• repossession

• bankruptcy

• debt collection

• charge off

the price you pay to borrow money or the cost you charge to lend money

• interest

• APR

• balance

• depreciation

Tags

CCSS.7.RP.A.3

the length of a loan

• amortization

• annual

• term

• interest

an sum of money paid when something is bought on credit

• depreciation

• down payment

• principal

• balance