1, Annual the annual fee, or membership fee, is an amount charge card companies levy for the right to use or
carry their card. This fee is payable whether you actually use the card...
2, Annual Percentage Rate the annual equivalent of a rate of interest when the rate is quoted more frequently
than annually, usually monthly
3, Prime Rate the minimum interest rate charged by a commercial bank on short-term business loans to large,
best-rated customers or corporations.
4, Interest the feeling of a person whose attention, concern, or curiosity is particularly engaged by something: She
has a great interest in the poetry of Donne.
5, spending Limit The American Express Premier Rewards Gold Card is designed for people who do not want to be
held back by a maximum allowed spending limit.
6, Credit limit credit limit is the maximum amount of credit that a financial institution or other lender will extend to
a debtor for a particular line of credit (sometimes called a credit line, line of credit, or a trade line). For example, it
is the most that a credit card company will allow a card holder to take out at once on a card.
7, Finance charge In United States law, a finance charge is any fee representing the cost of credit, or the cost of
borrowing. It is interest accrued on, and fees charged for, some forms of credit. It includes not only interest but
other charges as well, such as financial transaction fees. Details regarding the federal definition of finance charge
are found in the Truth-in-Lending Act and Regulation Z, promulgated by the Federal Reserve Board
8, Mortgage mortgage loan is a loan secured by real property through the use of a mortgage note which evidences
the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures
the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan.
9, Credit Card credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy
goods and services based on the holder's promise to pay for these goods and services. The issuer of the card
creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can
borrow money for payment to a merchant or as a cash advance to the user.
10, Grace Period A grace period is a time past the deadline for an obligation during which a late penalty that would
have been imposed is waived. Grace periods, which can range from a number of minutes to a number of days or
longer, depending on the context, can apply in various situations, including arrival at a job, paying a bill, for
meeting government or legal requirement, or in many other situations.
11, Loan Term Private cash loan is a comprehensive phrase with regard to virtually any mortgage which
does not have a set aim. Short term loans tend to be well-liked by people due to its distinctive benefits
and in addition flexibility from your loan…