Match the definition with the vocab term it describes.
Match the definition with the vocab term it describes.
This is a charge when payment of a debt is not made within the agreed timeframe.
Legal proceeding that allows a debtor to clear their debts while also allowing creditors to be repaid.
Portion of credit a cardholder may charge.
Fee charged on an unpaid credit balance
Something valuable that will be surrendered to a lender if credit borrowed is not repaid
Least amount that must be paid on a credit card balance
Record of a consumer’s ability to repay debt
Number that evaluates a consumer's credit risk
Money, typically cash, borrowed on a credit card
Device issued by a bank or company that allows that person to borrow money to pay for goods and services