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Definition
| fee charged by a credit card company for the use of their credit card |
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| Annual Percentage Rate (APR) |
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Definition
| The cost of borrowing money on an annual basis; takes into account the intrest related and other related fees on a loan |
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| preferred method of debt repayment; includes a list of all debts organized from smallest to largest balance; minimum payments are made to all debts except for the smallest, which is attached with the largest possiable payments |
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Definition
| a decline in the value of property; the opposite of appreciation |
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Definition
| expense that a taxpayer is allowed to deduct from taxable income; examples include money paid as home mortgage intrest and charitable donations |
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Definition
| a person or buisness who lends money,or who gives credit so consumers may purchase items and pay for the items over time |
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Definition
| a person or buisness who borows money, or uses credit to pay for items and pays for the loan back over time |
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Definition
| the price paid for borrrowing money or using credit |
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Definition
| the amount of money origanally borrowed, before any fees or intrest are added |
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