Vocabulary More Vocabulary And Even More Vocabulary
100
What is the someone is willing to lend you money.
credit
100
What is yearly charge you pay to use a credit card.
annual fee
0
All formuals in Excel start with this
equal sign
0
This can be lowered from donating to charity.
Tax Bill
200
What is the amount you are loaned
principal
0
This type of loan requires collateral.
secured
0
Formula to determine interest
PxRxT
0
One goal of bankruptcy
Fresh Start
300
What is the amount you pay to use someone else's money
interest
0
This type of loan does not require collateral.
unsecured
0
Losing value
Depreciate
0
A type of loan to ALWAYS stay away from
Payday Loan
400
What is the cost of the loan per year as a %
APR
0
what is a number that helps a lender predict how likely an individual is to repay a loan
credit score
0
What bankruptcy is liquidation?
Chapter 7 Bankruptcy
500
What is maximum amount of credit you are allowed
credit limit
0
Use this formula in Excel to determine monthly payment
PMT
0
What bankruptcy is reorganization?
Chapter 13 Bankruptcy






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