Open-endcredit is aapprove loanbetween afinancialinstitutionfirst in orderofimportance;maintrade credit isan essentialtool forfinancinggrowtha person orcompany towhom moneyis owedIt means youare no longeran authorizeduser to thecredit bureausA debitcard issuedby or inconjunctionA credit riskis the riskof defaulton a debtThe term annualpercentage rate ofcharge,correspondingsometimes to anominal APRA company'spolicy on whenits customersshould pay forgoods orservicesaging report isthe primarytool used bycollectionspersonnelsecured creditmeanscredit/loanthat is backedby a collaterala person orinstitutionthat owes asum ofmoneyUnsecuredcredit cardsare the mostcommon typeof credit cardsBusiness creditis the ability fora company toobtainborrowedmoneycharacter,capacity,capital,conditions andcollateralClosed-endcredit is a typeof credit thatshould berepaid in fullamounta numberassigned to aperson thatindicates tolenders theircapacity to repaya loanmoneyowed to acompany byits debtorsa companythat collectsinformationrelating to thecredit ratingsDebt collectionis the processof pursuingpayments ofdebtsinstallmentloan is a loanthat is repaidover timecredit advancedto consumersfor thepurchase ofgoods orservicesthe ability of acustomer toobtain goods orservices beforepaymentA credit scoreis dynamicand canchangepositivelyfinance chargeis any feerepresentingthe cost ofcreditOpen-endcredit is aapprove loanbetween afinancialinstitutionfirst in orderofimportance;maintrade credit isan essentialtool forfinancinggrowtha person orcompany towhom moneyis owedIt means youare no longeran authorizeduser to thecredit bureausA debitcard issuedby or inconjunctionA credit riskis the riskof defaulton a debtThe term annualpercentage rate ofcharge,correspondingsometimes to anominal APRA company'spolicy on whenits customersshould pay forgoods orservicesaging report isthe primarytool used bycollectionspersonnelsecured creditmeanscredit/loanthat is backedby a collaterala person orinstitutionthat owes asum ofmoneyUnsecuredcredit cardsare the mostcommon typeof credit cardsBusiness creditis the ability fora company toobtainborrowedmoneycharacter,capacity,capital,conditions andcollateralClosed-endcredit is a typeof credit thatshould berepaid in fullamounta numberassigned to aperson thatindicates tolenders theircapacity to repaya loanmoneyowed to acompany byits debtorsa companythat collectsinformationrelating to thecredit ratingsDebt collectionis the processof pursuingpayments ofdebtsinstallmentloan is a loanthat is repaidover timecredit advancedto consumersfor thepurchase ofgoods orservicesthe ability of acustomer toobtain goods orservices beforepaymentA credit scoreis dynamicand canchangepositivelyfinance chargeis any feerepresentingthe cost ofcredit

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