| A | B |
|---|
| Annual percentage rate | The interest rate charged per year for a loan or credit. |
| Bankruptcy | A legal procedure by which the debtor is declared unable to meet financial obligations. |
| Collateral | Something of value that a borrower plegges as security for a loan. |
| Cosigner | Someone who agrees to repay a loan if the original borrower cannot. |
| Finance charge | Money you must pay for borrowing money. |
| Installment plan | Monthly payments, including a finance charge, made for a specific amount of time. |
| Layaway plan | An agreement by a store to reserve an item for a small downpayment followed by regular payments. |
| Line of credit | Maximum amount that you may charge. |
| Loan | Money lent, usually with interest. |
| Repossess | Take back. |
