Sign in to save your progress, vote, and build your own decks.Sign in
Chapter 18
5 cards·by Noble1Kenobi
Credit
. the ability of a customer to obtain goods or services before payment, based on the trust that
payment will be made in the future.
Regular Charge accounts
A regular charge account is one that gives consumers a line of credit to purchase goods or
services.
Collateral
something pledged as security for repayment of a loan, to be forfeited in the event of a
default.
Simple Interest equation
Simple interest is a quick method of calculating the interest charge on a loan.
Capacity
a specified role or position.