Matching Pairs Getting started with creditOnline version See page 230-235 in the textbook to find the answers to this activity. by Jeni Garcia 1 Line of credit 2 Installment credit 3 Collateral 4 Service credit 5 Credit card 6 Consumer loan 7 Store account 8 Revolving credit 9 Credit 10 Charge card. 11 Debt Credit used to finance the purchase of a single high priced item through as series of equal payments made over a set period of time. Money that must be repaid Property that can be used to secure a loan. An account on which the account holder can charge repeatedly up to a maximum limit. A pre-approved loan amount that a debtor can borrow as needed with no collateral A direct loan of cash made to a consumer at a fixed interest rate for a set period of time. The ability to receive services and pay for them at a later date. The ability to borrow money and pay it back later. A plastic card linked to a credit account that can be used to make purchases. A credit account that allows you to charge items or services only at that store with that merchant. A form of credit card for which the cardholder must pay the balance in full by the due date.
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