Credit granted to individual consumers by a retail business is ____ credit.

Credit granted to a business by a financial institution or another company is ____ credit.

Identify the choice that best completes the statement or answers the question. The ____ represents the cost of a loan and is expressed as a percent of the amount borrowed.

Identify the choice that best completes the statement or answers the question. A(n) ____ loan is a loan for a specific amount of money that is repaid with interest in regular payments.

Identify the choice that best completes the statement or answers the question. ____ is an agreement that allows the borrower to use a specific amount of credit over a period of time.

A ____ credit card is one that can only be used only in the stores of the company that issued it.

A written set of guidelines used by an organization to determine how many and which customers will be approved for credit is a ____.

A ____ is a record of credit history and financial behavior for a business or individual.

A ____ is a numerical measure of a loan applicant’s creditworthiness at a particular point in time.

Loan for a specific amount that must be repaid with all finance charges by a specified date or according to a specified schedule.

Credit loans that require collateral.

Private firm that maintains consumer credit data and provides credit information to businesses for a fee.

Line of credit granted from one business to another for a short period of time to purchase goods and services.

Property that a borrower uses to secure a loan.

The potential that credit will not be repaid.

24. Party extending credit.

Company that collects past-due bills for a fee.

27. ______________________________ credit is credit granted based on a signed credit agreement alone.

29. ______________________________ credit is credit granted to individual consumers by a retail business.

30. ______________________________ credit is credit granted to a business by a financial institution or another company.

31. ______________________________ is a line of credit granted from one business to another for a short period of time to purchase its goods and services.

Credit loans that require collateral are known as ___________________________ credit.

A loan for a specific amount that must be repaid with interest by a specified date or according to a specified schedule is called ___________________________.

A(n) ___________________________ loan is a loan for a specific amount of money that is repaid with interest in regular installments.

A(n) ___________________________ is a schedule that shows the amount of interest and principal for each payment so a loan can be repaid within a specific period of time.

A(n) ___________________________ is the total amount paid by a borrower to a lender for the use of credit.

A(n) ___________________________ credit account does not automatically close when the balance is paid off.

___________________________ is a formula based on the principal, interest rate, and length of time of a loan.

___________________________ is the continued and regular patronage of a business even when there are other places to purchase the same or similar products.

What are the three Cs of credit?

Which of the following are the five Cs of banking?

What are some benefits of using credit?

What is unsecured credit?

The creditor-debtor relationship is best explained as:

The total amount paid for the use of credit is based on three factors. Identify and describe these factors.

What is the formula for simple interest?

Some of the costs involved when a business extends or accepts credit include:

The difference between a business loan and a business line of credit is:

What are the risks of misusing credit?

if you have a low credit score or "bad credit", you run the risk of.........