39867852
Beschreibung
Karteikarten von DaLena Schultz, aktualisiert vor 2 Monate
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Erstellt von DaLena Schultz
vor 2 Monate
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| Frage | Antworten |
| Down Payment | What the customer pays that doesn't go towards the loan |
| Installment loan | a loan that is broke down into equal payments |
| amortization | Payments that include interest and the principal |
| Amount finanaced | the amount of the loan |
| finance charge | the interest charge along with the bank fees |
| Deferred payment price | total of all monthly payments along with the down payment |
| Truth in Lending Act | law doesn't regulate interest rate |
| Annual percentage rate | True interest |
| Fair credit and charge card disclosure act of 1988 | card companies must give details about interest and the cards |
| open-end credit | revolving charge account |
| Outstanding balance | the total amount still owed on a loan |
| average daily balance | balance each day of the month divided by the days of the month |
| cash advance | When your financial institution gives you a small amount of money to get by and you pay it back with a fee. |
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