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If you have a credit card with a 600 limit. You plan to always pay your card off in full each month before the grace period ends. What is the amount you can safely owe on your card?
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What is a revolving credit agreement?
A revolving credit agreement is a legal contract between a lender and a borrower whereby the lender agrees to lend up to a certain amount to the borrower for some period of time. The borrower agrees to make minimum periodic payments during the time that the revolving credit agreement is in force and pay off any balance due at the end of the contract period. Many revolving credit agreements automatically renew after the agreed period (unless the credit circumstances for the borrower have radically changed). An example of a revolving credit agreement is the credit card. A credit card has a credit limit ("up to a certain amount" or "maximum"), an expiration date ("some period of time") and minimum payment requirements ("minimum periodic payments"). Most credit card agreements are renewed before the original agreement (the card) expires.
What is the annual percentage rate (APR) on a credit card?
You can think of APR as the amount of interest you would pay if you borrowed an amount of money and kept it for one year. At the end of the year the APR would be multiplied times the amount you borrowed and that would be the interest you would owe. Of course it isn't used that way for credit card purchases. The credit card company divides the APR by 365 to create a daily interest rate. Then they multiply this daily rate times the number of days in the billing period and then by the amount you owe at the end of the period before interest is added and add this to the amount you owe. If you mean what is the APR on your credit card, this varies by the card you hold and is often used to decide which card to get, because the lower the APR the less interest you will have to pay.
What is meaning by clean credit?
Clean credit - means you've never missed a payment on a credit card or loan agreement - that you've always paid on time - and that you have repaid the sums in the agreements within the allotted time period.
What is credit purchase?
purchase of goods against an agreement to pay amount on future determine time period
What does APR on a credit card mean?
APR = Annual Percentage Rate. It's the amount of interest charged over a 12-month period.
Amount of cash overages for a period exceeds the amount of cash shortages the balance in the account cash short and over will be?
credit
What is a revolving credit agreement?
A revolving credit agreement is a legal contract between a lender and a borrower whereby the lender agrees to lend up to a certain amount to the borrower for some period of time. The borrower agrees to make minimum periodic payments during the time that the revolving credit agreement is in force and pay off any balance due at the end of the contract period. Many revolving credit agreements automatically renew after the agreed period (unless the credit circumstances for the borrower have radically changed). An example of a revolving credit agreement is the credit card. A credit card has a credit limit ("up to a certain amount" or "maximum"), an expiration date ("some period of time") and minimum payment requirements ("minimum periodic payments"). Most credit card agreements are renewed before the original agreement (the card) expires.
Match each of the credit card terms with its definition?
Annual percentage rate: The amount of interest paid on unpaid balances;Grace period: Number of days to run a balance before fees or interest are charged;Secured card: A credit card with money in a savings account to act as collateral;Credit report: A listing of a person's financial information and history.
How do you calculate Average credit period?
average credit period
Can I obtain my credit score for free?
The only free why is to apply for something and have them run your credit, if you disqualife then you will get a letter in the mail on how to obtain your credit report free. Problems with this? It effects your credit rating every time you run your credit and be cautious of web sites offering "free" credit reports. Many of them are only free for a short period of time and then you get charged. Always read the fine print before buying a credit product that you may not need.
What is the annual percentage rate (APR) on a credit card?
You can think of APR as the amount of interest you would pay if you borrowed an amount of money and kept it for one year. At the end of the year the APR would be multiplied times the amount you borrowed and that would be the interest you would owe. Of course it isn't used that way for credit card purchases. The credit card company divides the APR by 365 to create a daily interest rate. Then they multiply this daily rate times the number of days in the billing period and then by the amount you owe at the end of the period before interest is added and add this to the amount you owe. If you mean what is the APR on your credit card, this varies by the card you hold and is often used to decide which card to get, because the lower the APR the less interest you will have to pay.
Why do girls sometimes dream about their period?
I don't know! But, I always dream about my period the night before I get it. I wonder why...?
What is the journal entry to close the income summary account when there was net income for the period involves?
You debit the income summary (which has a credit balance due to a positive net income) for the same amount that is on the credit side to close it out, and you credit retained earnings for the same amount.
Can your period be late if you have protected sex a day before your period?
Your period can always be late whether you have sex or not. You are not likely to be fertile on the day before your period, and the fact that you used protection gives you even less reason to worry.
Is it possible for a child to get pregnant before they start their period?
Yes, women ovulate BEFORE each period, so even before the first time we have our period, we ovulate. There is always that chance that they are about to start. (Ovulating is when the egg comes down)
What is meaning by clean credit?
Clean credit - means you've never missed a payment on a credit card or loan agreement - that you've always paid on time - and that you have repaid the sums in the agreements within the allotted time period.
Is ovulation always 8 days after a normal period?
No. It's 14 days BEFORE the first day of your next period.
