| A | B |
|---|
| Installment Loan | Repaid in regular payments. |
| Single-Payment Loan | Repaid in one payment. |
| Promissory Note | Written promise to repay. |
| Secured Loan | Backed by collateral. |
| Unsecured Loan | Not backed by collateral |
| Closed End Loan | Involves definite sum of money. |
| Open End Loan | Limit on amount of money you can borrow. |
| Single Purpose Credit Card | Can only be used to buy goods or services at the business that issued the card. |
| Multi-Purpose Credit Card | May be used at several locations. |
| Travel and Entertainment Credit Card | Similar to charge accounts. |
