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32 Cards in this Set

  • Front
  • Back

Open Accounts Credit

A form of Credit extended to a consumer in advance of any transaction type of credit that accompanies charge accounts and charge cards

Line Of Credit

The maximum amount of credit a customer is allowed to have outstanding at one time

Cash advances

A loan that can be obtained by a bank credit card holder

Balance Transfer

A program that enables cardholder to readily transfer credit balances from one card to another

Affinity Card

"Card with a cause". Standard bank credit card that is in conjuction with some charitable, political or other sponsoring non-profit organization

Unsecured Personal Credit

A line of credit made to an individual on an as-needed basis

Home equity credit line

A line of credit issued against the existing equity on a home

Equal Credit Oppurtunity Act

The prohibition of credit discrimination based on sex, marital status,race religion or national origin

Consumer Credit Reporting reform act

The full and active disclosure of credit information.

Fair Credit Billing Act

The establishment of acceptable bulling procedures

Consumer Credit Protection Act

The full and accurate disclosure of all finance charges

Fair Debt collection Practice act

Protection against collector harassment


Long-term activity and viewed as a process of purchasing securities such as stocks or bonds

Bull Market

A condition in market nornamlly associated with investor optimism

Bear Market

A condition in the market associated with pessimism


A form of investing in which future value and expected returns are highly incertain

Asset Allocation

The decision on how to divide your portfolio among different types of securities.

Dollar Cost Average

Systematic Investing of equal sums of money at regular intervals regardless of price fluctuations to an investments.

Stock Split

Division of a corporations outstanding shared into a large number of shares

Capital Gains

Income that results from an increase in the value if an investment


account executives that buy and sell securities for their customers

Business risk

The degree of uncertainty associatied with a firm's earning and subsequent ability to pay interest and dividends.`

Market risk

A type of investment risk associated with the price volatility of a security.

Interest rate risk

A type of risk, resulting from change market interest rates. Changes in interest rates are the result of fluctuations in the supply of or demand for money

Current income

Received as a regularity over the course of year in the form of dividends on stock, interest from bonds or rents from rental property.


A collection of securities assembled for the purpose of meeting common investment goals

Consumer loans

Formal negotiated contracts that specify both the terms for borrowing and repayment schedule.


A legal Claim that permits lenders to liquidate the collateral to satisfy the loan in the event the borrower defaults.

Simple Interest

Most popular method where interest is charges only to the outstanding balance of the loan

Add-on Loans

Finance charges are calculated using the original balance of the loan which is added on to the original balance.

5 C's Of credit

1.Credit Record/Character-integrity

2.Capacity to repay-income

3. Collateral-Value to secure loans

4. Capital- assests

5. Conditions-economy

Straight Bankruptcy

Most of a debtors obligations are eliminated in an attempt to put the debtor's financial affairs in order. (70%)