Credit Card Vocab

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Across
  1. 3. A measurement is used to compare different loans that take into account a loan's interest rate, term, and fees.
  2. 4. A card secured by a savings account.
  3. 6. The maximum dollar amount the lender is willing to make available to the borrower according to the agreement between them.
  4. 11. The amount of money a borrower pays to a lender for the privilege of borrowing money, including interest and other service charges.
  5. 14. A monthly accounting document sent to you by your bank that lists your account balance at the beginning and end of the month, and all your transactions.
  6. 15. 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.
  7. 16. The company or financial institution that gives you a credit card.
  8. 18. The change or fee that is added to a loan or credit card payment when the payment is made after the due date.
  9. 21. A bill that is not paid by its due date.
Down
  1. 1. The amount of interest paid per year, divided by the principal amount.
  2. 2. The agreement between you and your card issuer.
  3. 5. The portion of a document, especially a contract, that contains qualifications or restrictions in a small type or obscure language.
  4. 7. A type of credit allowing an individual to borrow up a certain amount of money, repay the money borrowed with interest when it is due, and borrow the money again.
  5. 8. The amount of money paid by a borrower to a lender in exchange for the use of the lender's, money for a certain period of time.
  6. 9. The maximum dollar amount the card issuer is willing to make available to the borrower according to the card members' agreement.
  7. 10. A business that makes money available for others to borrow.
  8. 12. A period of time over which a loan is scheduled to be repaid.
  9. 13. A single sum of money that serves as complete payment.
  10. 17. Money, goods, or services you owe to others.
  11. 19. The fee a card issuer charges a credit cardholder to use the card for a year.
  12. 20. A credit card balance is the amount of money owed to the credit card company.