Economics Terms Unit 2

Propery or valuables pledged as security for a loan.

Person who signs a load and is liable for repayment

A creditor who denies credit or treasts a cosumer less favorable because or race, sex, religion, or marital status

Policy purchased by consumer,which repays redit in the even of his/her death or disablitlity

Consumer's past and future ability to repay credit as determine by a creditor

Money that a consumer pays toward the purchase of a good.

Credit account which may be used by more than one person

Characteriestics about a person which cannot be used by a creditor as a basis for denying credit.

Credit arrangement where a consumer pledges good or property as collateral.

Credit arrangeent in which no collateral is pledged.