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WorksheetsCredit Vocab
Total questions: 10
Worksheet time: 10mins
Annual Percentage Rate (APR)
Home loan with an interest rate that stays the same
The cost you pay each year to borrow money, in a percentage
A home loan with an interest rate that can vary
The maximum amount of credit that a person can borrow
Credit Card
The maximum amount of credit that a person can borrow
A numerical rating calculated on someone’s ability to pay back the money they borrowed
A card that allows a person to pay for things on credit
Home loan
Credit Limit
Unfair and sneaky tactics some use to trick people into taking out loans
The amount of money owed on an account
The smallest amount you can pay back each month on a loan or credit card
The maximum amount of credit that a person can borrow
Credit Score
A numerical rating calculated on someone’s ability to pay back the money they borrowed
A card that allows a person to pay for things on credit
A sum of money that is borrowed
The amount of money you originally agreed to pay back on a loan
Interest Rate
The cost you pay each year to borrow money, in a percentage
The price one pays to borrow money
The amount of money owed on an account
Part of a loan that is charged as interest, in the form of a percentage
True or False: Best way to not get interest is to pay the monthly minimum payment each month.
True
False
The amount you must pay on a claim before the insurance company will pay.
Premium
Policy
Loss
Deductible
A payment made monthly, twice a year, or yearly, for an insurance policy.
Premium
Copay
Tax
Benefit
Robbie broke his arm. How much would this cost him for a doctor's appointment?
$25
$40
$65
Information not found on card
