In Applying for a Credit Card, the Potential Creditor Will

question 56

Short Answer

In applying for a credit card, the potential creditor will look at your ________ to determine if you have funds to cover future debt payments if necessary.

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Definitions:

Valid Acceptance

An unqualified expression of assent to the terms of an offer, forming a contract.

Present Intent

A legal term indicating a person's current intention to perform an act or designate a legal status to an item of property.

UCC

Stands for Uniform Commercial Code; a comprehensive set of laws governing all commercial transactions in the United States.

Shipment

The process of transporting goods from one place to another.