Answer:
Minimum payment.
Explanation:
A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.
Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.
A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.
Additionally, credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.
Minimum payment is a term which describes the amount you must pay in order to be considered “up-to-date” with your credit card payments. A credit card holder that meets the minimum payment and has a good credit score is eligible for more credits and loans.
True however it’s also depends on where you live but for this purpose it’s true
Answer:
Linux is a type of open-source software. The entire premise of open-source code is to make it as easy for people to develop and share as possible, instead of use as a vehicle to make money. This way, the collective knowledge of the community can make the program as secure and user-friendly as possible.
Explanation:
Yes that is correct. Was there a specific question you wanted answered...
