| A | B |
|---|
| Creditor | One who sells credit. |
| Debtor | Anyone who buys credit. |
| Interest | Cost of using credit. |
| Credit | Privilege of using someone else's money. |
| Interest Rates | Percentage that is applied to your debt. |
| Principal | Amount of debt. |
| Time Factor | Length of time for which interest will be charged. |
| Maturity Date | Date on which a loan must be paid. |
| Annual percentage Rate | Indicates how much credit costs you on a yearly basis. |
| Finance Charge | Cost of credit stated in a dollar figure. |
| Grace Period | Time period during which no finance charges will be added to your account. |
| Cash Advance | Borrow money on your credit card. |
| Minimum Payment | Minimum amount due on credit balance. |
| I=PRT | Interest equals principal times rate times time. |
