Term
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Definition
| A card made of plastic that authorizes the delivery of goods and services in exchange for future payment with interest, according to a specific schedule |
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Term
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Definition
| A consumer line of credit that can be used up to a certain limit or paid down at any time |
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Term
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Definition
| Remove money from checking account when purchase is made |
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Term
| If you do not pay the full amount you owe each month then ____ will be added to your bill |
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Definition
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Term
| Who are you borrowing money from when you use a credit card? |
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Definition
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Term
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Definition
| You can use the amount for which you are approved, as long as you keep up on making payments |
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Term
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Definition
| Monthly statement from your company with various information from your credit card company with various information re-guarding your credit card |
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Term
| Credit Card Statements include: |
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Definition
| Purchases, Payments and credits, pay-by date, and credit limit |
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Term
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Definition
| Least amount you can pay each month keep your account active |
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Term
| What happens if you do not pay the minimal payment? |
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Definition
| Fees will be added to next month |
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