VOCABULARY LIST SSPFL 5 (Personal Finance)

Buy now, pay later

• Credit

• Intrest

• Character

• payment history

the cost of borrowing money

• intrest

• credit

• compact to pay

• late pay

is based on your credit history. Are you going to pay me back?

• Collateral

• Credit

• Character

• Complicity to pay

Owning something of value that can repay a loan or debt if you fail to repay is...

• Payment history

• debt to ratio income

• amount owed

• collateral

Capacity to pay

• how much credit you have.

• the ability to pay

• the willingness to pay

• payment history

includes how frequently a person makes their monthly payments on time to someone they have gotten money from in the past.

• Payment history

• length credit history

• credit

• character

Debt to income ratio

• a month measure of a person's ability to make a payment.

• buy now pay later

• a nominal value that literally adds up how much is owed to creditors

• the cost of borrowing money

a nominal value that literally adds up how much is owed to creditors

• credit history

• amount owed

• available credit

• collateral

is basically asking "How long have the accounts been open?"

• money history

• How long have you been paying interest

• Length of credit history

• interest history

compares a person's credit line to how much they have used.

• allowed credit

• available credit

• used credit

• income credit