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Vocab Ch4 Consumer Math
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10th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
A contract to rent property (e.g., apartment, car)
2.
FLASHCARD QUESTION
Front
Financed
Back
borrowed
3.
FLASHCARD QUESTION
Front
Down Payment
Back
Part of the price paid at time of purchase
4.
FLASHCARD QUESTION
Front
Mortgage
Back
A property loan for a house.
5.
FLASHCARD QUESTION
Front
Principal
Back
The amount of money loaned to a creditor
6.
FLASHCARD QUESTION
Front
Interest
Back
A fee for borrowing money
7.
FLASHCARD QUESTION
Front
Fixed-rate mortgage
Back
A loan with constant interest and payments.
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