Fill in the blank: ________ is credit that is available up to a limit and automatically renewed as debts are paid off or paid down. Most credit cards are a form of this type of credit.

Fill in the blank: The maximum level of output of goods and/or services that a given system can potentially produce over a set period of time is called ________.

Fill in the blank: Any fee representing the cost of credit, or the cost of borrowing, is called a ________.

Fill in the blank: A set of qualities that are shared by many people in a group, country, etc, is called ________.

Fill in the blank: Interest for new card holders that will usually be lower than traditional interest rates is called ________.

Fill in the blank: The income you receive (take-home pay, allowance, gifts, and interest) is called ________.

Fill in the blank: Someone who receives something with a promise to return it or its equivalent is called a ________.

Fill in the blank: The borrower gives the lenders his/her automobile title in exchange for a set amount of cash. The lender holds the title until the loan is repaid. If the loan is not repaid as agreed, the lender keeps the title to the item. This is called a ________.

Fill in the blank: A short-term loan that provides immediate cash by securing a borrower's written check or receiving authorization for automatic withdrawal from the borrower's depository institution account is called a ________.

Fill in the blank: Use of credit for personal needs is called ________.

Fill in the blank: An amount of money borrowed by one party from another is called ________.

Fill in the blank: Confidence in a purchaser's ability and intention to pay, displayed by entrusting the buyer with goods or services without immediate payment is called ________.

Fill in the blank: A legal process in which some or all of the assets of a debtor are distributed among the creditors because the debtor is unable to pay his or her debts is called ________.

Fill in the blank: When a person or organization declares in law unable to pay debt, it is called ________.

Fill in the blank: A nonprofit agency with offices in a number of states that provides credit counseling services is called ________.

Fill in the blank: Details a person's financial history specifically related to their ability to repay borrowed money is called a ________.

Fill in the blank: A personal loan to purchase an automobile is called a ________.

Fill in the blank: An unlawfully high amount or rate of interest is called ________.

Fill in the blank: An interest rate on a loan or security that fluctuates over time is called a ________.

Fill in the blank: A loan made in order to consolidate several debts into one loan, usually for the purpose of reducing the monthly payments by extending them over a longer time period is called a ________.

Fill in the blank: A numerical expression based on a level analysis of a person's credit files to represent the creditworthiness of that person is called a ________.

Fill in the blank: When a borrower has passed the initial credit check, they are considered ________.

Fill in the blank: The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan, including any fees or additional costs associated with the transaction is called ________.

Fill in the blank: Credit as a one-time loan that you will pay back over a specified period of time in payments of equal amounts is called ________.

Fill in the blank: An annual (yearly) fee associated with having a credit card that is a separate fee from interest rate on purchases is called ________.

Fill in the blank: The Consumer Credit Protection Act, requiring money lenders to be explicit about the true costs of credit transactions and outlawing the use of threatened or actual violence to collect debts, is called ________.

What is the right to take and hold or sell the property of a debtor as security or payment for a debt or duty called?

What is the maximum amount that you can charge on your credit card called?

Credit as a loan with a certain limit on the amount of money you can borrow for a variety of goods and services is called what?

A charge for a loan, usually a percentage of the amount loaned and/or an excess or bonus beyond what is expected or due, is called what?

A measure of a person's ability and willingness to make credit payments on time is called what?

The act of taking an asset used as collateral and selling it to pay the debt is called what?

To loan money to consumers in the hope and expectation they will default and the lender will be able to take the collateral is called what?

Failure to make minimum payment on time is called what?

A fee charged by a lender on entering into a loan agreement to cover the cost of processing the loan is called what?

A service provided by most credit card and charge card issuers that allows cardholders to take cash, either through an ATM or over the counter at a bank or other financial agency, up to a certain limit, is called what?

The lowest required amount of money to pay on a credit card statement, and is about 2-3% of the total payment, is called what?

A credit source extended to a government, business or individual by a bank or other financial institution is called what?

Money a student takes out to help pay for university, tuition, books, etc., and may be deferred until the student is done with school and usually has very low interest rates, is called what?

The interest computed only on the principal, the amount that you borrow, is called what?

The original money on which interest is made is called what?

A store that offers money for an item with the option to redeem the item within a period of time is called what?

An easy-to-read table or 'box' that discloses the rates, fees, terms and conditions of a credit card agreement as required under the federal Truth in Lending Act (TILA) is called what?

Agreeing to be responsible for another person's loan payments if that person fails to make them is called what?

Security pledged for the payment of a loan is called what?

A charge against a client by a company or organization for not paying a bill or returning a rented or borrowed item by its due date is called what?

Fill in the blank: A loan with collateral (EX. A mortgage); A loan that is not secured by an asset; A loan without collateral is called a ________.

Fill in the blank: A person or organization who makes funds available for others to borrow is called a ________.

Fill in the blank: A provision in most loan and insurance contracts which allows payment to be received for a certain period of time after the actual due date. During this period no late fees will be charged, and the late payment will not result in default or cancellation of the loan. A typical ________ is 15 days.

Fill in the blank: A loan repaid in periodic payments is called an ________.

Fill in the blank: Tangible items such as furniture, electronics or household appliances are leased with the condition that the item will be owned by the renter if the term of rent is completed. The cumulative end amount a consumer pays to lease an item is typically much higher than if the consumer bought the item from the onset. This is called ________.

Fill in the blank: A loan based on the value of personal property. Cash, plus fees/interest must be paid back within a specified time period, otherwise lender keeps the item. This is called a ________.

Fill in the blank: The wealth, whether in money or property, owned or employed in business by an individual, firm, corporation, etc. is called ________.