Economics Terms Unit 2
Home > Preview
The flashcards below were created by user
on FreezingBlue Flashcards.
Propery or valuables pledged as security for a loan.
Person who signs a load and is liable for repayment
Define Credit Discrimination
A creditor who denies credit or treasts a cosumer less favorable because or race, sex, religion, or marital status
Define Credit life and Health insurance
Policy purchased by consumer,which repays redit in the even of his/her death or disablitlity
Consumer's past and future ability to repay credit as determine by a creditor
Define Down Payment
Money that a consumer pays toward the purchase of a good.
Define Joint Account
Credit account which may be used by more than one person
Define Prohibited Factors
Characteriestics about a person which cannot be used by a creditor as a basis for denying credit.
Define Secured Credit
Credit arrangement where a consumer pledges good or property as collateral.
Define Unsecured Credit
Credit arrangeent in which no collateral is pledged.
What would you like to do?
Home > Flashcards > Print Preview