Credit & Loans Flashcards
1
Q
bankruptcy
A
an arrangement after financial collapse in which a business rearranges its finances
2
Q
borrow
A
to obtain money by promising to repay it
3
Q
credit score
A
the measure of how worthy a person is to receive loans
4
Q
interest
A
a charge or fee in exchange for borrowing money
5
Q
principal
A
the amount borrowed or the amount of a loan still unpaid
