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Definition
| a type of chech that directs payment of a sum of cash to a payee. |
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| a personal check for which payment is guaranteed |
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| allows you to make payments and manage your account using the bank's or credit union. |
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| occurs when you ask the bank to transfer money electronically from your checking account to some other account |
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Definition
| the process of sending money electronically rather than using paper checks. |
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Definition
| a fee charged when you repay a loan before the agreed-upon time |
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Definition
| a debt agreement in which the borrower pledges property of value as security. |
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| loans that are based on personal creditworthiness |
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Definition
| a type of debt in which you borrow money for a period of time |
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Definition
| a person who agrees to repay the loan if the borrower does not repay the loan. |
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| are exprenses you must pay in order to get a loan |
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Definition
| a loan that is used to secure financing for the purchase of a house or other real estate |
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Definition
| a large sum that must be paid at a set time |
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Definition
| the interest rate on the loan can change over time |
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Definition
| repaying a debt by making regular payments of principal and interest over a period of time |
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Definition
| debt that is used to finance education cost |
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Definition
| the amount of time you have before a credit card company starts charging you interset on your new purchases |
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Term
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Definition
| a type of lender that makes loans for the purchase of the consumer goods |
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