Credit

2017-07-27T19:32:18+03:00[Europe/Moscow] en true Credit bureau, Credit union, Default (finance), Syndicated loan, Overdraft, Collection agency, Credit score, Hire purchase, Islamic banking and finance, Letter of credit, Loan, Moneylender, AnnualCreditReport.com flashcards Credit
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  • Credit bureau
    A credit bureau is a collection agency that gathers account information from various creditors and provides that information to a consumer reporting agency in the United States, a credit reference agency in the United Kingdom, a credit reporting body in Australia, and a credit information company (CIC) in India.
  • Credit union
    A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members.
  • Default (finance)
    In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity.
  • Syndicated loan
    A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as lead arrangers.
  • Overdraft
    An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero.
  • Collection agency
    A collection agency, also known as a debt collector, is a business or other entity that specializes in debt collection, i.
  • Credit score
    A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of the person.
  • Hire purchase
    Hire purchase (abbreviated (HP) this is an arrangement whereby a company acquires an asset by paying an initial installment (e.g. 40% of the total) and repays the other part of the cost of the asset over a period of time or term for a contract, in which a purchaser agrees to pay for goods in parts or a percentage over a number of months. In Canada and the United States, a hire purchase is termed an installment plan although these may differ slightly as in a hire purchase agreement the ownership of the good remains with the seller until the last payment is made. Other analogous practices are described as closed-end leasing or rent to own.
  • Islamic banking and finance
    Islamic banking (Arabic: مصرفية إسلامية‎‎) is banking or banking activity that is consistent with the principles of sharia (Islamic law) and its practical application through the development of Islamic economics.
  • Letter of credit
    A letter of credit is a document, typically from a bank (issuing bank), assuring that a seller (beneficiary) will receive payment up to the amount of the letter of credit, as long as certain documentary delivery conditions have been met.
  • Loan
    (For other uses, see Loan (disambiguation).) In finance, a loan is the lending of money from one individual, organization or entity to another individual, organization or entity.
  • Moneylender
    A moneylender is a person or group who typically offers small personal loans at high rates of interest and is distinct from banks and financial institutions that typically provide such loans.
  • AnnualCreditReport.com
    AnnualCreditReport.