Студопедия
Случайная страница | ТОМ-1 | ТОМ-2 | ТОМ-3
АрхитектураБиологияГеографияДругоеИностранные языки
ИнформатикаИсторияКультураЛитератураМатематика
МедицинаМеханикаОбразованиеОхрана трудаПедагогика
ПолитикаПравоПрограммированиеПсихологияРелигия
СоциологияСпортСтроительствоФизикаФилософия
ФинансыХимияЭкологияЭкономикаЭлектроника

Text 5: what kinds of credit are available?

Exercise 6: Find a noun-pair for each verb having the same root; translate the pairs into Russian | Exercise 12: Fill in the gaps with adjectives and adverbs in the appropriate form of comparison | Text 1: Read the dialogue; translate it into Russian using Vocabulary | Bond What's the present value of my bonds? | StockWe can lend you 80% of the value of your bonds on the stock | Exercise 3: Complete each space with the appropriate word or words. | Types of Risks | Diversification | Text 2: WHERE DO PEOPLE PUT THEIR SAVINGS IN THE UNITED STATES? | The Finance Charge and the Annual Percentage Rate (APR). |


Читайте также:
  1. Credit card
  2. Different Kinds of Money
  3. Federal credit agencies
  4. Text 4: OBTAINING AND USING CREDIT
  5. Text 6: HOW TO ESTABLISH CREDIT
  6. The Loan Creditor Group

Credit for consumers falls into two categories: loan credit and sales credit.

Loan credit enables you to borrow money which can then be used to finance a purchase. Sales credit enables you to buy goods and services now and pay for them later. Here are some examples of each.

Home mortgages. Home mortgages are long-term loans (repayable in 10 to 30 years) used to finance the purchase of a home or apartment. Banks, savings and loans and other thrift institutions are the most likely sources of mortgage money. Home mortgages are repaid with interest, in equal monthly installments, over the life of the loan.

Auto and other consumer loans. Loans for financing the purchase of specific items like automobiles, or other goods and services, are available from a variety of thrift institutions and lending agencies. Auto and other consumer loans are usually repaid in equal monthly installments over the life of the loan.

Charge accounts. Charge accounts enable consumers to make purchases up to a specified limit, without paying cash. There is usually no charge for the use of a charge account if the balance is paid in full at the end of the month. However, interest is likely to be charged on balances that are not paid at the end of one month.

Credit cards. A credit card is a kind of charge account that entitles its holders to shop at many different places. Master Card, Visa, American Express and Diner's Club are four of the most widely used credit cards. Credit card purchases are billed monthly. Like charge accounts, there is usually no charge for credit card purchases that are paid in full when billed. However, there is an additional charge levied on unpaid balances.

 


Дата добавления: 2015-08-20; просмотров: 414 | Нарушение авторских прав


<== предыдущая страница | следующая страница ==>
Text 4: OBTAINING AND USING CREDIT| Text 6: HOW TO ESTABLISH CREDIT

mybiblioteka.su - 2015-2024 год. (0.006 сек.)