Chapter 16 Terms PF
Terms
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- the property you posses (such as bank accounts, investmnts, and other assests) that is worth more than your debts
- Capital
- property pledged to assure repayment of a loan
- Collateral
- a pre-established amount that can be borrowed on demand with no collateral
- Line of Credit
- a service available to charge customers wherby purchases are not billed to the customer until later
- Deffered Billing