| A | B |
|---|
| Installment Loan | repaid in regular payments |
| Single-payment Loan | repaid in one payment |
| Promissory Note | written promise to repay |
| Secured Loan | backed by collateral |
| Unsecured Loan | not backed by collateral |
| Closed End Loan | involves definite sum of money |
| Open End Loan | limit on amount of money you can borrow |
| Single Purpose Credit Card | only used to buy goods or services at the business that issued the card |
| Mulit-Purpose Credit Card | may be used at several locations |
| Travel and Entertainment Credit Card | similar to charge accounts |
| Regular Charge Accounts | requires pay for purchases in full within a certain time period |
| Budget Accounts | allows pay for costly items in equal payments spread over a period of time |
