Answer:
1.Credit: the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
2.Credit report : a detailed breakdown of an individual's credit history prepared by a credit bureau. Credit bureaus collect financial information about individuals and create credit reports based on that information, and lenders use the reports along with other details to determine loan applicants' creditworthiness.
3.Credit limit: refers to the maximum amount of credit a financial institution extends to a client.
4.Credit score: a number assigned to a person that indicates to lenders their capacity to repay a loan.
5.Grace period: is a set length of time after the due date during which payment may be made without penalty.
6.Installment credit: a loan for a fixed amount of money.
7.Interest: money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
8.Minimum payment: the lowest amount of money that you are required to pay on your credit card statement each month.
9.Mortgage: a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
10.Principal: Im pretty sure the answer is a. Money made available to a borrower by a lender
Mark as brainliest please, I need a few more :D
Answer:
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