WorksheetsChp. 16 Credit
Total questions: 11
Worksheet time: 13mins
The potential of credit not being repaid
Credit Risk
A numerical measure of a loan applicant's creditworthiness
Credit Score
One party lends another party goods or money with the understanding that it will be paid back later.
Credit
A record of credit history and financial behavior.
Credit Report
A company that collects past-due bulls for a fee.
Collection Agency
The total amount of money borrowed.
Principal
The party extending the credit.
Creditor
Total amount paid by a borrower to a lender for the use of credit.
Finance Charge
Credit granted based on a signed credit agreement.
Unsecured Credit
A set of guidelines used to determine how many and which customers are approved for credit.
Credit Policy
The party receiving credit is known as ____
creditor
debtor
principal
credit agency
Credit loans that require collateral are known as
secured credit
unsecured credit
open-end credit
installment loans
Which of the following is NOT an example of a proprietary credit card issuer?
Target
BP
Visa
Sears
The three Cs of credit are character, capacity, and ___.
Consumer
Cash
Co-signer
Capital
A loan for a specific amount of money that must be repaid with interest by a specified date or according to a specified schedule is (a) credit.
A list of the individuals or businesses that owe money to a company is the (a)
Property that a business uses to secure a loan is ___
capital
conditions
collateral
cash flow
A (a) score is also known as a (b) score.
Simple Interest Formula: (a) x (b) x (c)
