Principles of Business, Unit 4: Chapter 18

This list focuses on consumer credit (Unit 4, Chapter 18).

Here are links to all the chapters of Unit 4, Personal Financial Management: Chapter 15, Chapter 16, Chapter 17, Chapter 18, Chapter 19, Chapter 20

Here are links to all the units of the business textbook published by South-Western Cengage Learning: Unit 1, Unit 2, Unit 3, Unit 4
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Full list of words from this list:

words only definitions & notes
  1. credit
    an estimate of ability to fulfill financial commitments
  2. finance
    the management of money and credit and banking
  3. loan
    the temporary provision of money (usually at interest)
  4. promissory
    relating to a verbal commitment by one person to another
  5. collateral
    a security pledged for the repayment of a loan
  6. annual
    occurring every year
  7. percentage
    a proportion in relation to a whole
  8. amortization
    reducing the value of an asset over a period of years
  9. maturity
    the date on which an obligation must be repaid
  10. application
    a verbal or written request for assistance or admission
  11. bureau
    an administrative unit of government
  12. account
    a statement of recent transactions and the resulting balance
  13. counselor
    someone who gives advice about problems
  14. bankruptcy
    inability to discharge all your debts as they come due
  15. collection
    request for a sum of money
  16. grant
    give as judged due or on the basis of merit
  17. privilege
    a special advantage or benefit not enjoyed by all
  18. affinity
    a close connection marked by community of interests
  19. affiliated
    being joined in close association
  20. periodic
    happening or recurring at regular intervals
  21. penalty
    a payment required for not fulfilling a contract
  22. principal
    the original amount of debt on which interest is calculated
  23. convenience
    the state of being suitable or opportune
  24. immediate
    performed with little or no delay
  25. possession
    the act of having and controlling property
  26. reputation
    the general estimation that the public has for a person
  27. dependable
    worthy of reliance or trust
  28. establish
    build something abstract
  29. disclosure
    the act of making something evident
  30. transparent
    free of deceit
Created on Thu Oct 20 16:47:40 EDT 2016 (updated Thu Oct 27 17:55:18 EDT 2016)

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