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intro to bus
credit
3 cards·by CWILSON
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 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
Collateral
something pledged as security for repayment of a loan, to be forfeited in the event of a
default.