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What is The amount of money you can charge to a credit card is called?
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What is meant by a credit limit?
Credit limit is the largest amount of money a consumer can charge on a credit card. The amount equals the amount of credit extended to a consumer. Charges over this amount are usually allowed, but expect to pay an "over-the-limit" fee.
What is the meaning of line of credit?
If you are talking about a personal line of credit, this means the maximum amount of money that you are allowed to charge on a credit card an one particular time.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
What is the amount of money you still owe to their credit card company called?
It's called the outstanding balance - or more accurately... debt !
Do you have to pay a cash advance fee when you withdraw a large amount of money using a credit card and you are not in debt?
Yes, nearly all credit cards charge a cash advance fee when money is withdrawn against the account, regardless of your credit history. It's another way for them to make money. Some companies use a percentage to calculate the fee, while others charge a flat fee.
When financial institutions lend money they charge borrowers?
The banks or lenders charge interest. The amount depends on your credit.
What is meant by a credit limit?
Credit limit is the largest amount of money a consumer can charge on a credit card. The amount equals the amount of credit extended to a consumer. Charges over this amount are usually allowed, but expect to pay an "over-the-limit" fee.
What is the meaning of line of credit?
If you are talking about a personal line of credit, this means the maximum amount of money that you are allowed to charge on a credit card an one particular time.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
What is the amount of money you owe to the credit card company called?
It's called the outstanding balance - or more accurately... debt !
What is the amount of money you still owe to their credit card company called?
It's called the outstanding balance - or more accurately... debt !
What is charge quantiztion?
-- For just a second, think of money. There are only certain amounts of money that you can have, because there is a thing called a 'cent' and it's the smallest amount of money that exists. As you go from less money to more money, you can only have some number of cents, but no amount in between. Nobody can give you a part of a cent. We would say that money is "quantized" ... it comes in tiny pieces, that are all the same size and can't be split up. The "quantum" of money ... the cent ...is the value of the penny coin. -- Electric charge is also quantized. There are only certain amounts of charge that you can have, because there is a thing called an 'elementary charge' and it's the smallest amount of charge that exists. As you go from less charge to more charge, you can only have some number of elementary charges, but no amount in between. Nobody can give you a part of an elementary charge. Charge comes in tiny pieces, that are all the same size and can't be split up. The elementary charge ... the "quantum" of charge ... is the amount of charge on one electron (negative) or one proton (positive).
How does credit work?
When you don't have enough money for something, you charge it and pay the money when you have it.
Do you have to pay a cash advance fee when you withdraw a large amount of money using a credit card and you are not in debt?
Yes, nearly all credit cards charge a cash advance fee when money is withdrawn against the account, regardless of your credit history. It's another way for them to make money. Some companies use a percentage to calculate the fee, while others charge a flat fee.
How much do architects charge?
The amount of money that architects charge depends on the architect. Every person charges a slightly different amount of money.
How does bank earn money?
by making money on the interest that they charge on loans and credit products.
What is a credit on credit card?
A credit on a credit card is the amount of money you are allowed to spend before you have to pay it back
