Credit Vocabulary
Authored by Nicole Kube
Other
11th Grade
Used 18+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money or something of value that is loaned out on trust with the expectation it will be repaid later
Debt
Credit
Amortization
Collateral
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The entire amount of money a person owes to lenders.
Debt
Credit
Amortization
Collateral
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Type of credit that has fixed payments with a set period of time to repay (loans)
Payday Loan
Collateral
Installment
Revolving
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Type of credit that has no stated payoff time, but has required minimum monthly payments (credit card)
Payday Loan
Collateral
Installment
Revolving
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
something pledged as security for repayment of a loan, to be forfeited in the event of a default
Collateral
Capital
Capacity
Character
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
your history and financial stability in the past to get a sense of how responsible you have been with credit
Collateral
Capital
Capacity
Character
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The borrower's ability to pay back their loan
Collateral
Capital
Capacity
Character
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