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| A loan agreement in which the interest rate, payment amount, and length of the loan can change over time. |
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| Repaying a debt by making regular payments of principal and interest over a period of time. |
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| Payments made by transfering money electronically from a checking account to another account every billing period. |
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Definition
| A large loan payment that is higher than the others and must be paid at a set time, often the last loan payment. |
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| A personal check for which payment is gaurenteed by the bank on which it is drawn. |
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| Expenses the borrower must pay in order to get a loan. |
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| A person who agrees to repay the loan if the borrower does not repay it. |
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| Amount of time you have before a credit card company starts charging you interest on new purchases. |
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Definition
| A type of debt in which you borrow money for a period of time with an aged-upon interest rate and repayment plan. |
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| A type of prepaid check that directs payment of a sum of cash to a payee. |
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Definition
| A loan that is used to secure financing for the purpose of a house or other real estate. |
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