Directions: Match the vocabulary definitions to the vocabulary words. Vocabulary Words 1. Credit score = 2. FICO = 3. Poor FICO credit score = 4. Exceptional FICO credit score = 5. Payment history scores = 6. Length of credit history= 7. New credit = 8. Total debt, balances, and utilization = Vocabulary Definitions A. Total owed as well as how much available credit a person is using B. All new loans or accounts and all creditor credit report requests C. How long a person has had an account or loan D. Stands for Fair Isaac Corporation, a company that provides lenders with formulas to figure out credit scores E. Credit score that is below 580 F. A way for lenders to predict how likely a person is to pay back a loan on time G. Whether a person is paying bills on time and as agreed H. Credit score of 800 or more
Bad Debts
At the end of the accounting period, a financial statement is prepared by every company, then at that time while preparing the financial statement, the company determines among its total receivable amount how much portion of receivables is collected by the company during that accounting period.
Accounts Receivable
The word “account receivable” means the payment is yet to be made for the work that is already done. Generally, each and every business sells its goods and services either in cash or in credit. So, when the goods are sold on credit account receivable arise which means the company is going to get the payment from its customer to whom the goods are sold on credit. Usually, the credit period may be for a very short period of time and in some rare cases it takes a year.
Directions: Match the vocabulary definitions to the vocabulary words.
Vocabulary Words
1. Credit score =
2. FICO =
3. Poor FICO credit score =
4. Exceptional FICO credit score =
5. Payment history scores =
6. Length of credit history=
7. New credit =
8. Total debt, balances, and utilization =
Vocabulary Definitions
A. Total owed as well as how much available credit a person is using
B. All new loans or accounts and all creditor credit report requests
C. How long a person has had an account or loan
D. Stands for Fair Isaac Corporation, a company that provides lenders with formulas to figure out credit scores
E. Credit score that is below 580
F. A way for lenders to predict how likely a person is to pay back a loan on time
G. Whether a person is paying bills on time and as agreed
H. Credit score of 800 or more
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
