W!SE Vocab Flashcard #1

Front

Legal process declaring inability to pay debts.

Back

Bankruptcy

Front

Plan for managing income and expenses.

Back

Budget

Front

A plastic card that deducts money from a checking account almost immediately for purchases.

Back

Debit Card

Front

Member owned financial institutions.

Back

Credit Union

Front

Total points indicating debt repayment likelihood.

Back

Credit Score

Front

Consumer's credit history statement from a bureau.

Back

Credit Report

Front

Credit amount extended by a financial institution to a client.

Back

Credit Limit

Front

Record of credit transactions over 7-10 years.

Back

Credit History

Front

A card to buy goods/services, repaid later.

Back

Credit Card

Front

Capital/assets used to repay a loan.

Back

Collateral