intro 2 da biz

A type of credit account in which the customer may defer payment on part of the balance. Interest is charged on the unpaid balance and adde

something pledged as security for repayment of a loan, to be forfeited in the event of a default.

The simple interest formula allows us to calculate I, which is the interest earned or charged on a loan. According to this formula, the amou

the maximum amount that something can contain.

the state of being bankrupt.

a company that collects information relating to the credit ratings of individuals and makes it available to credit card companies, financial

an account with a department store, etc, enabling a customer to make monthly payments to cover his past and future purchases

A credit reference is information, the name of an individual, or the name of an organization that can provide details about an individual's

a person or company to whom money is owed.

A revolving account is an account created by a lender to represent debts where the outstanding balance does not have to be paid in full ever

a person or institution that owes a sum of money.

Single payment loan is a term that denotes secured commercial loans generally given to a business person or a company having a fixed maturit

A credit report is a detailed report of an individual's credit history.

a checking account for which the monthly fee is usually based on the average balance maintained and the number of transactions recorded

A sale in which the full amount will be made in one payment some time in the future or in smaller regular payments over a period of time.

Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maxi

a sum of money due as one of several equal payments for something, spread over an agreed period of time.

Purchase Power and Ease of Purchase - Credit cards can make it easier to buy things. If you don't like to carry large amounts of cash with y

Maturity date is the date on which the principal amount of a note, draft, acceptance bond or another debt instrument becomes due and is repa

An annual percentage rate (APR) is the annual rate charged for borrowing or earned through an investment, and is expressed as a percentage t

wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as s

In United States law, a finance charge is any fee representing the cost of credit, or the cost of borrowing.

The factors that determine your credit score are called The Three C's of Credit - Character, Capital and Capacity.

What is the 'Fair Credit Billing Act - FCBA' A federal law designed to protect consumers from unfair credit billing practices