Chap.4 Flashcards by Nate turner

Q

Annul precentige rate

A

Cost of borrowing money on a basis

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Q

Annul fee

A

Yearly fee charged by credit comp.

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Q

Credit card

A

Issued by bank to buy things

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Q

Credit report

A

Shows credit history

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Q

Credit score

A

Measured credit risk

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Q

Debt snowball

A

Method of repayment

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Q

Depreciation

A

Loss in value

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Q

Introductory rate

A

Charged to a customer during a loan

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Q

Loan term

A

Time that a loan agreement is forced

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Q

Tax deduction

A

An ex spence

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