
Chapter 4 Vocabulary
Authored by Kayla Benfer
Business
10th Grade
Used 10+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an asset that increases in value over time
Credit Score
Appreciating Asset
Depreciating Asset
Depreciation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
something owned (that has value) offered as security on a debt; if the debt is not repaid as agreed, the item is forfeited to the lender
Asset
Default
Collateral
Lien
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the additional cost a lender charges for borrowing their money
Interest
Lien
Equity
Principal
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a company that collects credit rating information and makes it available to creditors
Credit Score
Credit Bureau
Predatory Lender
Principal
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a statistical number used to represent a consumer‘s creditworthiness
Debt
Principal
Credit Score
Equity
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
money owed to another person or company
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
failure to repay a loan on time
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