Business creditis the ability fora company toobtainborrowedmoneyOpen-endcredit is aapprove loanbetween afinancialinstitutionfinance chargeis any feerepresentingthe cost ofcreditmoneyowed to acompany byits debtorsDebt collectionis the processof pursuingpayments ofdebtsA credit riskis the riskof defaulton a debttrade credit isan essentialtool forfinancinggrowthA debitcard issuedby or inconjunctiona numberassigned to aperson thatindicates tolenders theircapacity to repaya loanthe ability of acustomer toobtain goods orservices beforepaymentcharacter,capacity,capital,conditions andcollateralinstallmentloan is a loanthat is repaidover timea person orcompany towhom moneyis owedIt means youare no longeran authorizeduser to thecredit bureaussecured creditmeanscredit/loanthat is backedby a collateralcredit advancedto consumersfor thepurchase ofgoods orservicesa companythat collectsinformationrelating to thecredit ratingsUnsecuredcredit cardsare the mostcommon typeof credit cardsA credit scoreis dynamicand canchangepositivelya person orinstitutionthat owes asum ofmoneyaging report isthe primarytool used bycollectionspersonnelfirst in orderofimportance;mainClosed-endcredit is a typeof credit thatshould berepaid in fullamountA company'spolicy on whenits customersshould pay forgoods orservicesThe term annualpercentage rate ofcharge,correspondingsometimes to anominal APRBusiness creditis the ability fora company toobtainborrowedmoneyOpen-endcredit is aapprove loanbetween afinancialinstitutionfinance chargeis any feerepresentingthe cost ofcreditmoneyowed to acompany byits debtorsDebt collectionis the processof pursuingpayments ofdebtsA credit riskis the riskof defaulton a debttrade credit isan essentialtool forfinancinggrowthA debitcard issuedby or inconjunctiona numberassigned to aperson thatindicates tolenders theircapacity to repaya loanthe ability of acustomer toobtain goods orservices beforepaymentcharacter,capacity,capital,conditions andcollateralinstallmentloan is a loanthat is repaidover timea person orcompany towhom moneyis owedIt means youare no longeran authorizeduser to thecredit bureaussecured creditmeanscredit/loanthat is backedby a collateralcredit advancedto consumersfor thepurchase ofgoods orservicesa companythat collectsinformationrelating to thecredit ratingsUnsecuredcredit cardsare the mostcommon typeof credit cardsA credit scoreis dynamicand canchangepositivelya person orinstitutionthat owes asum ofmoneyaging report isthe primarytool used bycollectionspersonnelfirst in orderofimportance;mainClosed-endcredit is a typeof credit thatshould berepaid in fullamountA company'spolicy on whenits customersshould pay forgoods orservicesThe 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. Business credit is the ability for a company to obtain borrowed money
  2. Open-end credit is a approve loan between a financial institution
  3. finance charge is any fee representing the cost of credit
  4. money owed to a company by its debtors
  5. Debt collection is the process of pursuing payments of debts
  6. A credit risk is the risk of default on a debt
  7. trade credit is an essential tool for financing growth
  8. A debit card issued by or in conjunction
  9. a number assigned to a person that indicates to lenders their capacity to repay a loan
  10. the ability of a customer to obtain goods or services before payment
  11. character, capacity, capital, conditions and collateral
  12. installment loan is a loan that is repaid over time
  13. a person or company to whom money is owed
  14. It means you are no longer an authorized user to the credit bureaus
  15. secured credit means credit/loan that is backed by a collateral
  16. credit advanced to consumers for the purchase of goods or services
  17. a company that collects information relating to the credit ratings
  18. Unsecured credit cards are the most common type of credit cards
  19. A credit score is dynamic and can change positively
  20. a person or institution that owes a sum of money
  21. aging report is the primary tool used by collections personnel
  22. first in order of importance; main
  23. Closed-end credit is a type of credit that should be repaid in full amount
  24. A company's policy on when its customers should pay for goods or services
  25. The term annual percentage rate of charge, corresponding sometimes to a nominal APR