A credit scoreis dynamicand canchangepositivelyClosed-endcredit is a typeof credit thatshould berepaid in fullamountsecured creditmeanscredit/loanthat is backedby a collateralthe ability of acustomer toobtain goods orservices beforepaymenta person orinstitutionthat owes asum ofmoneyfinance chargeis any feerepresentingthe cost ofcreditOpen-endcredit is aapprove loanbetween afinancialinstitutionA credit riskis the riskof defaulton a debttrade credit isan essentialtool forfinancinggrowtha numberassigned to aperson thatindicates tolenders theircapacity to repaya loancharacter,capacity,capital,conditions andcollaterala person orcompany towhom moneyis owedBusiness creditis the ability fora company toobtainborrowedmoneyUnsecuredcredit cardsare the mostcommon typeof credit cardsA debitcard issuedby or inconjunctionaging report isthe primarytool used bycollectionspersonnelcredit advancedto consumersfor thepurchase ofgoods orservicesA company'spolicy on whenits customersshould pay forgoods orservicesmoneyowed to acompany byits debtorsDebt collectionis the processof pursuingpayments ofdebtsIt means youare no longeran authorizeduser to thecredit bureausa companythat collectsinformationrelating to thecredit ratingsfirst in orderofimportance;maininstallmentloan is a loanthat is repaidover timeThe term annualpercentage rate ofcharge,correspondingsometimes to anominal APRA credit scoreis dynamicand canchangepositivelyClosed-endcredit is a typeof credit thatshould berepaid in fullamountsecured creditmeanscredit/loanthat is backedby a collateralthe ability of acustomer toobtain goods orservices beforepaymenta person orinstitutionthat owes asum ofmoneyfinance chargeis any feerepresentingthe cost ofcreditOpen-endcredit is aapprove loanbetween afinancialinstitutionA credit riskis the riskof defaulton a debttrade credit isan essentialtool forfinancinggrowtha numberassigned to aperson thatindicates tolenders theircapacity to repaya loancharacter,capacity,capital,conditions andcollaterala person orcompany towhom moneyis owedBusiness creditis the ability fora company toobtainborrowedmoneyUnsecuredcredit cardsare the mostcommon typeof credit cardsA debitcard issuedby or inconjunctionaging report isthe primarytool used bycollectionspersonnelcredit advancedto consumersfor thepurchase ofgoods orservicesA company'spolicy on whenits customersshould pay forgoods orservicesmoneyowed to acompany byits debtorsDebt collectionis the processof pursuingpayments ofdebtsIt means youare no longeran authorizeduser to thecredit bureausa companythat collectsinformationrelating to thecredit ratingsfirst in orderofimportance;maininstallmentloan is a loanthat is repaidover timeThe term annualpercentage rate ofcharge,correspondingsometimes to anominal APR

CH. 16 Vocabulary - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. A credit score is dynamic and can change positively
  2. Closed-end credit is a type of credit that should be repaid in full amount
  3. secured credit means credit/loan that is backed by a collateral
  4. the ability of a customer to obtain goods or services before payment
  5. a person or institution that owes a sum of money
  6. finance charge is any fee representing the cost of credit
  7. Open-end credit is a approve loan between a financial institution
  8. A credit risk is the risk of default on a debt
  9. trade credit is an essential tool for financing growth
  10. a number assigned to a person that indicates to lenders their capacity to repay a loan
  11. character, capacity, capital, conditions and collateral
  12. a person or company to whom money is owed
  13. Business credit is the ability for a company to obtain borrowed money
  14. Unsecured credit cards are the most common type of credit cards
  15. A debit card issued by or in conjunction
  16. aging report is the primary tool used by collections personnel
  17. credit advanced to consumers for the purchase of goods or services
  18. A company's policy on when its customers should pay for goods or services
  19. money owed to a company by its debtors
  20. Debt collection is the process of pursuing payments of debts
  21. It means you are no longer an authorized user to the credit bureaus
  22. a company that collects information relating to the credit ratings
  23. first in order of importance; main
  24. installment loan is a loan that is repaid over time
  25. The term annual percentage rate of charge, corresponding sometimes to a nominal APR