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At a local supermarket, Linda saw a box of plant fertilizer that was retailed at $25 but was marked down to $20.99. Given this information, $20.99 is the _____.
Fringe Lending
Lending practices occurring outside of traditional banking institutions, often associated with high-interest rates and less favorable terms for borrowers.
Sub-Prime Lending
Lending to individuals who have poor credit histories and are considered a higher risk to lenders.
Bank Charter
A legal document that authorizes the establishment and operation of a bank, setting out its rights and obligations.
Savings And Loan
A financial institution that specializes in accepting savings deposits and making mortgage and other loans.
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