Finance Ch 2 Vocab

Front

Type of financial aid from the government or corporations that doesn't need repayment.

Back

Grants

Front

Financial aid allowing students to work and reduce tuition

Back

Work Study Programs

Front

Money borrowed from government or private entities, to be repaid.

Back

Loans

Front

Financial aid that doesn't need repayment; awarded based on academic, athletic, or other criteria.

Back

Scholarships

Front

A student loan is an educational loan with low interest and no payments until after school.

Back

Educational loan at a lower interest rate generally with no payments until after you are out of school.

Front

Percentage of a borrowed sum paid in addition to the loan repayment

Back

Interest

Front

Credit score represents:

Back

The credit history of a person.

Front

Card for purchases with added fees.

Back

Credit Card

Front

A person or company who loans money

Back

Lender

Front

Granting a loan; creation of debt

Back

Credit