Social Sciences, asked by chavi7749, 6 months ago

What are the different terms of credit?

Answers

Answered by Anonymous

5

Billing cycle. The billing cycle for a credit or loan account refers to the number of days between statements. ...
Principal balance. ...
Interest rate. ...
Annual Percentage Rate (APR) ...
Minimum amount due. ...
Payoff amount. ...
Refinance. ...
Down payment.

Answered by harshitsingh905084

1

Answer:

Here are 10 common credit terms defined:

Billing cycle. The billing cycle for a credit or loan account refers to the number of days between statements. ...

Principal balance. ...

Interest rate. ...

Annual Percentage Rate (APR) ...

Minimum amount due. ...

Payoff amount. ...

Refinance. ...

Down payment

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