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Principles of Business 5.01 Vocab #4

AB
CollateralSecurity to help guarantee a loan.
Credit ReferencesPeople you have borrowed from in the past.
CreditworthyBased on the C's of credit.
CapitalHow much you own beyond what you owe.
Credit HistoryPast debt.
Co-signerResponsible for loan if original debtor fails to pay.
Capacity to PayYour ability to pay.
CharacterEarned by paying bills on time.
Credit BureauMaintains credit history.
Credit LimitMaximum you can borrow.


Clayton High School

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