| A | B |
|---|
| debt | a term used when you owe someone something |
| mortgage | an example of the greatest debt repaymet |
| good debt | this is debt that adds to your net worth |
| bad debt | this type of debt does not add to your net worth |
| debt for house and education | examples of good debt |
| debt for holidays and clothes | examples of bad debt |
| credit card | this card allows you to buy now and pay later |
| 18 | age you need to be to apply for a credit card |
| credit rating | name given to check used to see how well you pay your debts |
| credit free period | name given to the time allowed when no charges made on transactions |
| 40 - 55 days | time given for credit free period on new cards |
| receipt of salary or wage | what you need to be in receipt of to qualify for a credit card |
| borrow | a credit card is a way to b...... money or get credit from a bank |
| repay | like all debts, you need to r........ the credit card |
| interest | name given to the additional charge on money still owing |
