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Credit - Vocab Quiz
By Matthew Goldstein
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Last updated over 4 years ago
10 questions
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Note from the author:
Match the definition with the vocab term it describes.
Instructions
Match the definition with the vocab term it describes.
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Question 1
1.
This is a charge when payment of a debt is not made within the agreed timeframe.
Late Fee
Collateral
APR
Credit Card
Available Credit
Credit Score
Minimum Payment
Bankruptcy
Cash Advance
Interest Rate
Credit History
Finance Charge
Question 2
2.
Legal proceeding that allows a debtor to clear their debts while also allowing creditors to be repaid.
Bankruptcy
Late Fee
Interest Rate
Minimum Payment
Available Credit
Finance Charge
Credit History
Collateral
Credit Card
Credit Score
Cash Advance
APR
Question 3
3.
Portion of credit a cardholder may charge.
Available Credit
Collateral
Minimum Payment
Interest Rate
Cash Advance
Credit Score
Credit History
APR
Late Fee
Bankruptcy
Credit Card
Finance Charge
Question 4
4.
Fee charged on an unpaid credit balance
Credit History
Available Credit
Interest Rate
Credit Score
Credit Card
Collateral
APR
Bankruptcy
Minimum Payment
Cash Advance
Late Fee
Finance Charge
Question 5
5.
Something valuable that will be surrendered to a lender if credit borrowed is not repaid
Collateral
Minimum Payment
Credit Score
Finance Charge
Late Fee
APR
Cash Advance
Interest Rate
Bankruptcy
Credit History
Available Credit
Credit Card
Question 6
6.
Least amount that must be paid on a credit card balance
APR
Minimum Payment
Cash Advance
Available Credit
Credit History
Interest Rate
Credit Score
Finance Charge
Bankruptcy
Collateral
Late Fee
Credit Card
Question 7
7.
Record of a consumer’s ability to repay debt
Available Credit
Bankruptcy
Finance Charge
Credit Card
Interest Rate
Credit History
Collateral
Minimum Payment
Cash Advance
Credit Score
APR
Late Fee
Question 8
8.
Number that evaluates a consumer's credit risk
Collateral
Available Credit
Late Fee
Finance Charge
Cash Advance
APR
Credit Score
Minimum Payment
Credit Card
Bankruptcy
Interest Rate
Credit History
Question 9
9.
Money, typically cash, borrowed on a credit card
Interest Rate
APR
Cash Advance
Collateral
Bankruptcy
Minimum Payment
Credit Score
Finance Charge
Available Credit
Credit Card
Credit History
Late Fee
Question 10
10.
Device issued by a bank or company that allows that person to borrow money to pay for goods and services
Credit History
Credit Score
Late Fee
Bankruptcy
Available Credit
Collateral
Credit Card
Minimum Payment
APR
Finance Charge
Cash Advance
Interest Rate