Terms in this set (10)
happening once every year.
an amount of money that remains in an account that can be used or must still be paid.
a financial association made up of members. A credit union is similar to a bank, but its members can borrow money at lower interest rates.
an amount of money taken out of or owed on an account.
money that is paid for the use of another person's money.
the smallest possible amount or number.
an amount of money on which interest is paid.
price or cost
an amount of money that a person collects over a period of time.
interest computed on principal only, rather than on accrued interest plus principal.
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