Credit card


 

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Credit card

Any card, plate or coupon book that may be used repeatedly to borrow money or buy goods and services on credit.

Credit card

A 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 Matches

Credit period

Credit period

The time frame for which the lender agrees to provide you with credit.


Accredited investor

Accredited investor

Refers 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 credit

Trade credit

Credit one firm grants to another firm for the purchase of goods or services.


Credit clearing

Credit clearing

A system for the distribution of bank giro credits and other credits between banks to enable funds to be transferred into specified accounts.


Secured creditor

Secured creditor

A creditor who has a charge over the assets of a debtor in the event of the debtor failing to meet his/her obligations.


Further Suggestions

Credit reference agency
Creditor
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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