| A | B |
|---|
| ANNUAL FEE | The fee a credit card company charges for the use of their credit card |
| CREDIT LIMIT | The maximum amount of money the lender is willing to loan an applicant. |
| FINANCE CHARGE | The total cost of using credit, including interest and fees. |
| ORIGINATION FEE | The charge for setting up the loan (often associated with home loan). |
| LOAN TERM | The length of time you have to pay the loan. |
| GRACE PERIOD | The length of time that the lender charges no interest on money borrowed when paying off your balance in ful each month. |
| ANNUAL PERCENTAGE RATE | The cost of the loan each year expressed as a percentage. |
| INTRODUCTORY RATE | Lower interest rate offered by credit card companies, usually for a short period of time, to entice you to sign up for credit with them. |
