PF-Ch. 4 Vocab Practice Flashcard

Front

Yearly fee charged by credit card companies for convenience.

Back

Annual Fee

Front

Cost of borrowing money annually, including interest and fees.

Back

Annual Percentage Rate (APR)

Front

List of debts from smallest to largest; pay all except the smallest, which gets the most payments.

Back

debt Snowball

Front

Decrease or loss in value.

Back

Depreciation

Front

Detailed report of an individual's credit history.

Back

Credit report

Front

Time frame a loan agreement is in force, by which it should be repaid.

Back

Loan term

Front

Type of card issued by a bank for financing purchases.

Back

Credit card

Front

Measure of credit risk from a report using a standardized formula.

Back

Credit score

Front

Interest rate charged early in a loan, often increasing after a period.

Back

introductory rate

Front

Expense that can be deducted from taxable income

Back

tax deduction