A company'spolicy on whenits customersshould pay forgoods orservicesIt means youare no longeran authorizeduser to thecredit bureausinstallmentloan is a loanthat is repaidover timecredit advancedto consumersfor thepurchase ofgoods orservicesDebt collectionis the processof pursuingpayments ofdebtsUnsecuredcredit cardsare the mostcommon typeof credit cardsOpen-endcredit is aapprove loanbetween afinancialinstitutionthe ability of acustomer toobtain goods orservices beforepaymentA credit scoreis dynamicand canchangepositivelya person orcompany towhom moneyis owedfirst in orderofimportance;mainClosed-endcredit is a typeof credit thatshould berepaid in fullamountfinance chargeis any feerepresentingthe cost ofcreditBusiness creditis the ability fora company toobtainborrowedmoneya person orinstitutionthat owes asum ofmoneysecured creditmeanscredit/loanthat is backedby a collateralmoneyowed to acompany byits debtorscharacter,capacity,capital,conditions andcollateralaging report isthe primarytool used bycollectionspersonnelThe term annualpercentage rate ofcharge,correspondingsometimes to anominal APRA debitcard issuedby or inconjunctiontrade credit isan essentialtool forfinancinggrowthA credit riskis the riskof defaulton a debta companythat collectsinformationrelating to thecredit ratingsa numberassigned to aperson thatindicates tolenders theircapacity to repaya loanA company'spolicy on whenits customersshould pay forgoods orservicesIt means youare no longeran authorizeduser to thecredit bureausinstallmentloan is a loanthat is repaidover timecredit advancedto consumersfor thepurchase ofgoods orservicesDebt collectionis the processof pursuingpayments ofdebtsUnsecuredcredit cardsare the mostcommon typeof credit cardsOpen-endcredit is aapprove loanbetween afinancialinstitutionthe ability of acustomer toobtain goods orservices beforepaymentA credit scoreis dynamicand canchangepositivelya person orcompany towhom moneyis owedfirst in orderofimportance;mainClosed-endcredit is a typeof credit thatshould berepaid in fullamountfinance chargeis any feerepresentingthe cost ofcreditBusiness creditis the ability fora company toobtainborrowedmoneya person orinstitutionthat owes asum ofmoneysecured creditmeanscredit/loanthat is backedby a collateralmoneyowed to acompany byits debtorscharacter,capacity,capital,conditions andcollateralaging report isthe primarytool used bycollectionspersonnelThe term annualpercentage rate ofcharge,correspondingsometimes to anominal APRA debitcard issuedby or inconjunctiontrade credit isan essentialtool forfinancinggrowthA credit riskis the riskof defaulton a debta companythat collectsinformationrelating to thecredit ratingsa numberassigned to aperson thatindicates tolenders theircapacity to repaya loan

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