Please match the definitions to the words

a Credit (an agreement to provide goods, services, or money in exchange for future payments with interest by a specific date or according to a specific schedule. The use of someone else's money for a fee) 1. ANNUAL FEE an official record of a borrower's credit history, including such information as the amount and type of credit used, outstanding balances, and any delinquencies, bankruptcies, or tax liens 2. APR b. the total dollar amount paid for credit. Example: A $100 loan repaid with $9 interest plus a $1 service fee has a finance charge of $10 3. BILLING CYCLE minimum amount that a consumer is required to pay on a revolving charge account to keep the account in good standing 4. CREDIT CARD d. also known as a late fine or a past due fee, is a charge levied against a client by a company or organization for not paying a bill or returning a rented or borrowed item by its due date. 5. CREDIT REPORT e. the percentage cost of credit on an annual basis, which must be disclosed by law. Example 1: A $100 loan repaid in its entirety after one year with a $10 finance charge ($9 interest plus a $1 service fee) has an of 10% 6. CREDIT SCORE f. the percentage of what you borrow that you pay in interest in a credit arrangement 7. FINANCE CHARGE & interval between periodic billings for goods sold or services rendered, normally one month 8. GRACE PERIOD h. a statistical measure of a loan applicant's creditworthiness, which is the likelihood of repayment 9. INTEREST RATE i. a fee for having an active credit card 10. LATE FEE de a time during which a borrower can pay the full balance of credit due and not incur finance charges or pay an insurance premium without penalty 11. MINIMUM PAYMENT k a plastic card that authorizes the delivery of goods and services in exchange for future payment with interest, according to a specific schedule