Credit Cards
By: Nick Cuellar
Section 1
Credit
goods or services are obtained without immediate payment, usually by agreeing to pay interest
Credit Score
the likelihood that person will pay his or her debts back
Credit Cards
Any card that may be used repeatedly to borrow money or buy products and services on credit.
Section 2
Important terms
Co-Pay-a small fixed amount required by a health insurer to be paid by the insured for each outpatient visit or drug prescription.
Coverage- extent to which something deals with or applies to something else
Deductible- The amount you have to pay out-of-pocket for expenses before the insurance company will cover the remaining costs