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Credit card |
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Credit cardAny card, plate or coupon book that may be used repeatedly to borrow money or buy goods and services on credit.Credit cardA plastic payment card which allows the owner to obtain goods and services without the requirement to pay cash and on credit terms.Transactions during a month are totalled and presented to the card holder for settlement on a monthly basis. Alternatively a percentage of the outstanding amount can be paid and the balance extended to the next month and so on. This will normally incur a much higher annual rate of interest than usual, for example, 2% per month being equivalent to an annual percentage rate of 26.82%.In addition to obtaining goods, credit cards can be used to obtain cash.Similar MatchesCredit periodCredit periodThe time frame for which the lender agrees to provide you with credit. Accredited investorAccredited investorRefers to an individual whose net worth, or joint net worth with a spouse, exceeds $1,000,000; or whose individual income exceeded $200,000 or whose joint income with a spouse exceeded $300,000 in each of the 2 most recent years and can be expected to meet that income in the current year. More details of the definitions for investors other that individuals are found in Regulation D of the Securities and Exchange Commission. Trade creditTrade creditCredit one firm grants to another firm for the purchase of goods or services. Credit clearingCredit clearingA system for the distribution of bank giro credits and other credits between banks to enable funds to be transferred into specified accounts. Secured creditorSecured creditorA creditor who has a charge over the assets of a debtor in the event of the debtor failing to meet his/her obligations. Further SuggestionsCredit reference agencyCreditor Demand line of credit Sight Letter of Credit full faith and credit Evergreen credit credit spread unified tax credit credit union Domestic credit National Foundation for Consumer Credit bank giro credit Nonaccredited investor credit reference agency creditors Credit Standards Financial institution buyer credit policy credit insurance Backup Line of Credit Creditor Consumer Credit Protection Act of 1968 Foreign tax credit Standby letter of credit Generic credit spread Tax credit |
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