Build Vocab quiz 1

Annual Fee

• The fee you pay for a credit card each year

• The interest rate you pay on balances you carry over from month to month on a credit card

• A person allowed to use a credit card account by the primary cardholder

• How reliable you are in repaying debts

• Property or financial resources that can be used as insurance in case the loan is not repaid

Collateral

• The fee you pay for a credit card each year

• The interest rate you pay on balances you carry over from month to month on a credit card

• A person allowed to use a credit card account by the primary cardholder

• How reliable you are in repaying debts

• Property or financial resources that can be used as insurance in case the loan is not repaid

Character

• The fee you pay for a credit card each year

• The interest rate you pay on balances you carry over from month to month on a credit card

• A person allowed to use a credit card account by the primary cardholder

• How reliable you are in repaying debts

• Property or financial resources that can be used as insurance in case the loan is not repaid

Authorized user

• The fee you pay for a credit card each year

• The interest rate you pay on balances you carry over from month to month on a credit card

• A person allowed to use a credit card account by the primary cardholder

• How reliable you are in repaying debts

• Property or financial resources that can be used as insurance in case the loan is not repaid

Annual Percentage Rate (APR)

• The fee you pay for a credit card each year

• The interest rate you pay on balances you carry over from month to month on a credit card

• A person allowed to use a credit card account by the primary cardholder

• How reliable you are in repaying debts

• Property or financial resources that can be used as insurance in case the loan is not repaid