Cis forCredit card
A credit card is something you can use to buy things if you do not have any money of your own. You then pay the money back in instalments, or all at once if you want. If you take a long time to pay it back, you get charged extra money in the form of interest.
A debt is an obligation to return something, usually money, that you have borrowed from someone else. Debts are usually repaid with interest, which means that you pay back more than you have borrowed.
A dime is a coin from America or Canada, equivalent to one tenth of a dollar, or ten cents.
Money is something you can carry around with you and exchange for goods and services. You can use money to buy food, or a car, or a house. Money that you can carry around with you can be either notes or coins. Notes and coins have the amount they are worth and the country they are useable in written on them.
A mortgage is a debt that you repay to a financial institution such as a bank when you buy a house, if you do not have enough money to pay for it yourself. Mortgages are typically paid back over many years.
Mortgages are secured by your house, which means the bank has an interest in the house and you cannot sell it and keep the money yourself, you have to pay the bank back first.