Chapter 10 Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
| Term | Definition |
| Bankruptcy | Legal process for selling most of a consumer's property to help satisfy debits that he or she cannot pay in exchange for the debt obligations |
| Collateral | Property pledged to back a loan |
| Cosign a Loan | A contractual agreement to pay a debt if the borrower does not pay it |
| Credit | Ability to borrow money in return for a promises of future repayment |
| Credit Bureau | Company that collects information about your credit history and sells it to lenders |
| Credit Rating | A measure of your creditworthiness, often computed as numerical score, using the FICO scoring system to analyze your credit history |
| finance Charge | The total amount a borrower must pay for a loan |
| Installment Loan | A loan to be repaid in a certain number of payments with a certain interest rate |
| Secured Loan | A loan backed by something of value pledged to ensure payment |
| Unsecured Loan | A loan not backed by any collateral |
Created by:
Ortizj41
Popular Economics sets