| A | B |
|---|
| APR | Annual Percentage Rate; the annual rate of interest that is charged for using credit |
| acceleration clause | A provision in an installment loan contract that gives the seller the right to declare the whole balance due if the buyer misses even one installment payment |
| add-on clause | A loan contract provision that allows purchases to be added to an existing installment loan, with earlier purchases used as security for later ones |
| asset | an item of value you own, including money |
| bankruptcy | Legal relief from repaying certain debts |
| balloon payment | A final loan payment that is much larger than the other installments |
| capacity | A oerson's ability to repay debt from regular income |
| capital | A person's financial resources |
| cash credit | Used to borrow money; often used to purchase goods and services from sellers who do not give credit. Types of cash credit include installment loans, single-payment loans and credit card or check credit limits |
