Economics - Personal Unrivaled Perception.

- Ability to obtain goods and services before payment, or money lent or made available, both with specific guidelines for repayment. - Example: Some people have ___________ cards in their wallet. Credit Union - A nonprofit cooperative that accepts deposits, makes loans, and provides other financial services - Example: operates like a bank but not-for-profit, and usually owned by its members Credit Worthiness This is a measurement as to the likelihood of whether or not a person will default on a loan provided to them by a lending institution. Current Yield The annual interest rate paid by a bond. It does not reflect the interest rate paid over the life of the bond. Debt This situation occurs when an entity- a person, business, or government- owes money to another entity