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8.1: Build Your Vocabulary
Write a definition for each of the following terms and add it to your personal glossary.
credit
creditor
debtor
consumer credit
contract
acceleration clause
closed-end credit
installment loan
down payment
principal
collateral
secured credit
finance charge
open-end credit
revolving credit account
line of credit
unsecured credit
cosigner
creditworthy
credit bureau
credit history
credit report
low-risk borrower
credit score
credit rating
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