Credit Flashcards
(4 cards)
1
Q
Credit
A
The ability to borrow money in return for a promise of future repayment
2
Q
Creditworthiness
A
A measure of your reliability to repay a loan; ability and willingness to pay your debts
3
Q
What are the three C’s of credit?
A
Character, Capacity, & Capital
4
Q
A
