Across
- 1. The maximum amount of credit that a bank or other lender will extend to a customer.
- 2. credit score
- 3. a credit line with no expiration that requires periodic payments.
- 4. an organization providing information on individuals' borrowing and bill-paying habits.
- 10. a method used to calculate finance charges. It is calculated by adding the outstanding balance on each day in the billing period, and dividing that total by the number of days in the billing period.
- 13. credit that specifies the time by which a loan must be paid and the forfeiture of collateral if it is not.
- 14. A fee that a broker-dealer assesses on a client for the service of filling an order.
Down
- 1. A creditor's measure of an individual's or company's ability to meet debt obligations.
- 5. The annual rate that is charged for borrowing (or made by investing).
- 6. A measure of credit risk calculated from a credit report using a standardized formula.
- 7. period between times bills are sent.
- 8. a loan given in cash, especially by an employer or credit card company, in anticipation of the borrower's being able to repay it.
- 9. total fee for credit.
- 11. the extra time allowed before having to pay a debt or complete a transaction.
- 12. a fee imposed when your payment is received after the due date or grace period.