Difference between revisions of "Debt Accrued From Late Payments"
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== Definition == | == Definition == | ||
− | '''Debt Accrued From Late Payments'''. In the context of the [[Financial Competence Framework]], ''Debt Accrued From Late Payments'' is a topic in the [[:Category: | + | '''Debt Accrued From Late Payments'''. In the context of the [[Financial Competence Framework]], ''Debt Accrued From Late Payments'' is a topic in the [[:Category:Planning And Managing Finances | Planning And Managing Finances]] subject matter domain.<ref>European Union/OECD (2022), Financial competence framework for adults in the European Union</ref> |
== Competences == | == Competences == | ||
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− | [[Category: | + | [[Category:Planning And Managing Finances | Planning And Managing Finances]] |
Latest revision as of 16:35, 1 April 2022
Definition
Debt Accrued From Late Payments. In the context of the Financial Competence Framework, Debt Accrued From Late Payments is a topic in the Planning And Managing Finances subject matter domain.[1]
Competences
Mastering the role of Debt Accrued From Late Payments in financial literacy context requires the following competences:
Code | Competency Description | Competency Type |
---|---|---|
342 | Understands that debts can accrue from unpaid bills as well as from the use of credit | Knowledge |
343 | Understands that there is usually an additional cost incurred for late payment of bills and credit | Knowledge |
344 | Prioritises bills and credit repayments over discretionary spending | Skill |
345 | Takes steps to avoid falling behind with payments even if circumstances change | Skill |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union