| A | B |
|---|
| credit | receiving of money to buy goods and services today with the promise to pay for them in the future |
| principal | amount borrowed from creditor |
| interest | amount paid to use money that belongs to someone else |
| consumer durables | like a house or car, a product that will last a long time |
| commercial banks | control most of the nations money |
| credit union | members of a group (teachers, firemen, military, etc) work together in banking |
| regular charge account | 30 day account that must paid at the end of the month |
| revolving charge account | can continue charging even if you still owe, but only good for that one store |
