enSC6.3 Vocabulary10
Credit:confidence in a purchaser's ability and intention to pay; purchasing goods or services without immediate payment
Credit Cards:standard-size plastic token, with a magnetic stripe that holds a machine-readable code
Annual Fee:a yearly fee charged by a credit card company each year for use of a credit card
Annual Percentage Rate:the interest rate applied each month to a balance
Card Member Agreement:provides the terms and conditions of a credit card account
Chargeback:a transaction returned through a credit card processing due to fraudulent purchases
Credit Line:the amount of money that can be charged to a credit card account
Due Date:the date in which payment must be made
Finance Charge:the total cost of borrowing, including interest and fees
Fixed APR:a rate that does not change throughout the year, unlike an introductory APR that changes after a specific period of time
6.3 Vocabulary
1. RALECTNPEETEANUNARAG
the interest rate applied each month to a balance
2. NRTMGEREADEEECMRABM
provides the terms and conditions of a credit card account
3. ARNEGECAHCFIN
the total cost of borrowing, including interest and fees
4. IRACSTREDCD
standard-size plastic token, with a magnetic stripe that holds a machine-readable code
5. LTDRECINEI
the amount of money that can be charged to a credit card account
6. EAELNAFUN
a yearly fee charged by a credit card company each year for use of a credit card
7. GKRBACCAEH
a transaction returned through a credit card processing due to fraudulent purchases
8. AEIFDXRP
a rate that does not change throughout the year, unlike an introductory APR that changes after a specific period of time
9. DETEAUD
the date in which payment must be made
10. CERITD
confidence in a purchaser's ability and intention to pay; purchasing goods or services without immediate payment