Identify the Following Terms

question 20

Short Answer

Identify the following terms:
Yugoslavia and Marshal Tito

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Definitions:

Credit Score

A numerical expression based on a level analysis of a person's credit files, representing the creditworthiness of an individual.

Interest Rate

The percentage of a sum of money charged by a lender to a borrower for the use of the money.

APR

Annual Percentage Rate, the yearly interest rate charged to borrowers, including fees and other costs, providing a complete picture of the loan's cost.

Periodic Rate

The interest rate for a specific period of time, often related to credit cards or loans, which can be monthly, quarterly, etc.