manufactured items that have a life span longer than 3 years

the amount of money the borrower must pay for the use of someone else's money

the amount of money originally borrowed in a loan

a type of loan repaid with equal payments, or installments, over a specific period of time

depository institution originally set up to serve small savers overlooked by commercial banks

depository institution that accepts deposits and lends money

a bank whose main functions are to accept deposits, lend money, and transfer funds among banks, individuals, and businesses

depository institution owned and operated by its members to provide savings accounts and low-interest loans only to its members

credit device that allows a person to make purchases at many kinds of stores, restaurants, and other businesses without paying cash

credit extended to a consumer allowing the consumer to buy goods or services from a particular company and to pay for them later

a company that takes over contracts for installment debts from stores and adds a fee for collecting the debt

makes loans directly to consumers at high rates of interest- often more than 20% a year

a private business that investigates a person to determine the risk involved in lending money to that person

the cost of credit expressed monthly in dollars and cents

the cost of credit expressed as a yearly percentage rate

a rating of the risk involved in lending money to a specific person or business

the amount owed that is principal plus interest

something of value that a borrower lets the lender claim if a loan is not repaid

the investigation of a person's income, current debts, personal life, and past history of borrowing and repaying debts

installment debts owed on houses, buildings, or land

the maximum amount of goods or services a person or business can buy on the promise to pay in the future

to attract by arousing desire

a law restricting the amount of interest that can be charged for credit

a loan that is guaranteed only by a promise to repay it

a loan that is backed up by collateral

the inability to pay debts based on the income received