Personal Finance Review

Front

What are your total earnings before taxes and deductions called?

Back

Gross Pay

Front

What is the cost to borrow money called?

Back

Interest

Front

What is a number that predicts how likely you are to pay back a loan?

Back

Credit Score

Front

What is an individual’s ability to repay a loan known as?

Back

Capacity

Front

What is an individual’s reliability to repay a loan known as?

Back

Character

Front

This occurs when an individual's assets are repossessed in the attempt to repay a loan.

Back

Collateral/Capital

Front

This is your total income after taxes and deductions are taken out.

Back

Net Pay

Front

How can having a good credit score benefit you?

Back

You qualify for lower interest rates on loans.

Front

What is borrowing money and a commitment to pay it back at a later date?

Back

Credit

Front

The various options individuals or businesses utilize to earn money (wages, interest, rent).

Back

Sources of Income