| A | B |
|---|
| Secured load | A loan backed by something of value |
| trade credit | An arrangement by which a business receives merchandise and does not pay for it until later. |
| creditor | a person who provides credit |
| debtor | someone who buys on credit or owes money on a loan |
| down payment | part of the purchase price paid at the time buying |
| finance charge | the total cost of credit, including interest and other charges |
| principal | the amount that is borrowed and on which interest is computed |
| cosigner | someone who becomes responsible for a loan if the borrower does not pay as agreed |
| credit | promising to pay at a future time for something of value recieved now |
| credit bureau | an organization that gathers information on credit users and sells cerdit records |
| credit rating | an individual's reputation for paying debts on time |
