Credit - Vocabulary

A thing that is borrowed, usually a sum of money

• Principal

• Repayment Plan

• Checking Account

• Loans

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

• Credit

• Repayment Plan

• Interest

• Loans

The trust that lets people give things (like goods, services or money) to other people in the hope they will repay later on

• Interest

• Transaction

• Repayment Plan

• Credit

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

• Debit Card

• Credit Score

• Checking Account

• Credit Card

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

• Checking Account

• Debit Card

• Credit Card

• Repayment Plan

A bank account that earns interest

• Savings Account

• Credit Score

• Interest Rate

• Debit Card

A way to pay back a loan over an extended period of time, generally by making fixed monthly payments

• Credit Card

• Interest

• Repayment Plan

• Credit Card

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

• Debit Card

• Credit Score

• Savings Account

• Checking Account

Buying or selling something; a business deal

• Transaction

• Checking Account

• Savings Account

• Credit

A rating of your previous responsibility with credit

• Credit Card

• Credit Score

• Savings Account

• Checking Account