Vocabulary List:

·            Annual Fee: Fee charged by a credit card company for the use of their credit card.                
·            Annual Percentage Rate (APR): Cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan.
·            Balance Transfer: A balance transfer is the transfer of (part of) the balance (either money or credit) in an account to another account, often held at another institution.·            Cash Advance: A cash advance is a service provided by most credit card and charge card issuers. The service allows cardholders to withdraw cash, either through an ATM or over the counter at a bank or other financial agency, up to a certain limit. For a credit card, this will be the credit limit (or some percentage of it).
·            Credit Line/Line of Credit: A line of credit is any credit source extended to a government, business or individual by a bank or other financial institution.
·            Finance Charges: In United States law, a finance charge is any fee representing the cost of credit, or the cost of borrowing.
·            Fixed Rate: An interest rate that does not change over time.
·            Introductory Period: The Introductory Period is used to determine if a new employee's performance successfully meets the expectations of the role and if continued employment is beneficial towards the company or employer.
·            Introductory Rate: An introductory rate is an interest rate charged to a customer during the initial stages of a loan.
·            Late Fee: A fee charges when a payment has missed due date.
·            Rewards Program: Rewards credit card comapines offer their clients for loyalty.
·            Zero Liability: Having no consequences for the use of credit.