Credit and Debt Management (1)

Credit (1)

A type of loan, a convenience to postpone the payment of the items purchased or some money loaned by the financial institution

Debt (1)

A loan needed to be paid by someone

Credit card (1)

A payment method that allows cardholders to pay for goods and services without cash

Cash

Banknotes or coins paid directly for purchasing goods and using services

Purchasing via cash (1)

Not in debt

Purchasing via cash (2)

No interest

Purchasing via cash (3)

Paying for the actual price

Purchasing via cash (4)

Payment is made in full cash or debit card

Purchasing via credit (1)

In debt

Purchasing via credit (2)

Interest is imposed