Match the Term with Its Definition

question 30

Multiple Choice

Match the term with its definition.
-An agreement between a buyer and a seller that allows for delayed payment for a product or service

• A)consumer credit
• B)credit
• C)credit bureaus
• D)credit card
• E)installment account
• F)open charge account
• G)revolving charge account
• H)trade credit
• I)trade-credit agencies
• J)value

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Definitions:

Unauthorized Use

The use of something, typically intellectual property or physical assets, without the permission or rights to do so.

ATM Card

A card used together with a personal identification number (PIN) to gain access to an automatic teller machine (ATM).

Executor

An individual appointed by a will to execute or carry out the instructions and distribute the estate of the deceased.

Obligated

Required by law, contract, or agreement to perform or refrain from performing a certain action.