| A | B |
|---|
| Interest | The fee someone pays to be able to borrow money |
| Interest Rate | The percentage of money you pay on a principal |
| Loan | An amount that is borrowed to be paid back at a later date |
| Down Payment | initial payment for the purchase of an item on credit |
| Principal | amount of money you owe on a debt |
| Credit | money owed |
| Term | how long it will take to pay for your car |
| Insurance | protects you in case of an accident |
