Definitions (Drop down menu)

Amount financed

APR

Average daily balance

Cash advance

Deferred payment price

Down payment

Finance charge

Amortization

Open-end credit

Revolving charge

Truth in lending act

Match the following terms with their definitions. 6 2. 4. 5. 6. Cash price minus down payment Effective interest rate Sum of daily balance divided by number of days in billing cycle Loan from a credit card company Total of all monthly payments plus down payment Initial cash payment Total of all monthly payments minus amount financed A payment process A revolving charge account Purchase until maximum credit reached Doesn't dictate interest rates 7 8. 9. 10. 11