understanding credit cards

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Across
  1. 6. a measurement used to compare different loans, the APR takes into account a loans interest rate, term, and fees.
  2. 9. the company or financial institution that gives you a credit card
  3. 14. a monthly counting document sent to you by your bank that lists you account balance at the beginning and end of the month, and all of your transactions that you bank has processed during the month
  4. 15. a period of time in which a loan is scheduled to be repaid
  5. 16. a business that makes money available for others to borrow
  6. 18. money,goods,or services you owe to others
  7. 19. a type of credit allowing an individual to borrow a certain amount of money, repay the money borrowed with interest when it is due, and then borrow the money
  8. 20. the portion of a document, especially a contract, that contains qualifications or restrictions in small type or obscure language
Down
  1. 1. the amount of money owed to the credit card company
  2. 2. the fee a card charges a credit card holder to use the card for a year
  3. 3. the maximum dollar amount the card issuer is willing to make available to the borrowing according to the card member agreement
  4. 4. a single sum of money that serves as a complete payment
  5. 5. a credit card secured by a savings account
  6. 7. the charge or fee that is added to a loan or credit card payment when the payment is made after the due date
  7. 8. the maximum dollar amount the lender is willing to make available to the borrower according to the agreement between them
  8. 10. the amount of money a borrower pays to a lender for the privilege of borrowing money, including interests and other charges.
  9. 11. the amount of money paid by a borrower to a lender in exchange for the use of the lenders money for a certain period of time.
  10. 12. the amount of interest paid per year divided by the principal amount
  11. 13. a fee charged by the card issuer when they process/pay a transaction on your behalf that is greater than the amount available within your credit limit pastdue a bill that is not paid by its due date
  12. 17. the agreement between you and your card issuer; it includes information such as the interest rate,fees,and other information