| A | B |
|---|
| credit | amount of trust extended to you by lender |
| interest | amount paid to use someone else's money |
| APR | total % it costs yearly to use credit |
| annual fee | fee charged once a year by credit card companies |
| finance charge | actual dollar cost of using credit |
| grace period | period of time when you do not accrue a finance charge |
| debt | the amount you owe another |
| loan term | how long a loan lasts |
| bankruptcy | legal process that allows someone to get out of excessive debt |
| credit report | historical record of a person's payments |
