Question

1. the _______________ is the amount of money you borrow from a lender. the _____________ is the amount you are charged to borrow that money. the _______________ is how long you have to pay the money back, with interest, to the lender.
2. the maximum amount of money that can be charged to a credit card is known as the _________________.

Explanation:

These are key terms related to borrowing and credit. The principal is the borrowed sum, interest is the borrowing cost, loan term is the repayment period, and credit limit is the maximum credit card charge.

Answer:

1. principal; interest; loan term
2. credit limit