Unit 4 Test Review

Buying or selling something; a business deal

• Repayment Plan

• Error Report

• Transaction

• Credit

Purchases or advances using the credit card that have not yet been paid back, owed to your credit card company

• Credit card debt

• Savings account

• Credit score

• Child support debts

Someone who signs jointly with a borrower to get approved for a loan

• Interest

• Co-signer

• Credit Card

• Treasury Department

A rating of your previous responsibility with credit

• Interest rate

• Principal

• Credit score

• Credit card

A thing that is borrowed, usually a sum of money

• Credit

• Loans

• Bonds

• Interest

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

• Transaction

• Credit

• Principal

• Interest

The annual cost of a loan to a borrower (expressed as a percentage)

• Interest rate

• Credit

• Interest

• Credit card

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

• Bankruptcy

• Repayment plan

• Credit card

• Interest

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

• Checking account

• Debit card

• Savings account

• Savings account

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

• Savings account

• Checking account

• Credit card

• Debit card