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