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19 Cards in this Set
- Front
- Back
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Credit Card |
a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit. |
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Debit Card |
a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
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Charge Card |
a credit card for use with an account that must be paid when a statement is issued. |
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Prepaid Card |
A payment card that is loaded with money by you or someone else and provide you with a line of credit. |
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Check Card |
A debit card (also known as a bank card or check card) is a plastic payment card that provides the cardholder electronic access to his or her bank account(s) at a financial institution. |
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Gift Card |
A restricted monetary equivalent or scrip that is issued by retailers or banks to be used as an alternative to a non-monetary gift. Highly popular, they rank as the second-most given gift by consumers in the United States (2006) and the most-wanted gift by women, and the third-most wanted by males. |
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Phone Card |
Another term for calling card (sense 2). |
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Travel Card |
a prepaid card allowing unlimited travel on buses or trains for a specified period of time. |
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Food Card (Food Stamp) |
a voucher issued by the government to those on low income, exchangeable for food. |
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Annual Percentage Rate (APR) |
Also called a finance rate, this is the interest rate on a loan, a percentage of the amount borrowed that a lender charges annually for the use of its money. |
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Lease |
A long term rental in which the dealer buys a car and allows the lessee to use it for a specific period of time or agreed mileage while making monthly payments. At the end of the lease period, the lessee can either buy the car or return it to the dealer, depending on the type of lease. |
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Principle |
The amount borrowed. |
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Sticker/ Asking Price |
The price on the window sticker, DO NOT PAY STICKER PRICE. With the exception of brand new models or those in particularly high demand, cars can typically be bought for a price well below that quoted on the sticker. |
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Loan |
Thing that is borrowed, especially a sum of money that is expected to be paid back with interest. |
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Financing A car |
This way allows you to buy your new car by paying only a small down payment up front and the rest in monthly installment. |
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Credit Report |
is a report detailing a person's financial history specifically related to their ability to repay borrowed money. |
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Installment |
any of several parts into which a debt or other sum payable is divided for payment at fixed times. |
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Miles per Gallon |
It simply means, that the vehicle's manufacturers are claiming that their product will travel up to a certain number of miles 1 gallon of gas. |
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Electric Car |
is an automobile that is propelled by one or more electric motors, using electrical energy stored in batteries or another energy storage device. |
