Credit card


 

Home
Site Map
Add Term
Search
About Us
Contributors

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

Bank Letter of Credit Policy

Bank Letter of Credit Policy

Standards allowing banks to confirm letters of credit by foreign banks supporting the purchase of US exports.


Transferable letter of credit

Transferable letter of credit

Document that allows the first beneficiary on a standby bank assurance of funds to transfer all or part of the original letter of credit to a third party.


National Credit Union Administration

National Credit Union Administration

Federal agency that oversees and insures the federal credit union system, and is funded by its members.


Backup Line of Credit

Backup Line of Credit

A bank assurance of funds obtained by an issuer of commercial paper to protect the CP investor from default. The issuer pays a commitment fee to the bank.


Credit quality

Credit quality

A measure of the likelihood of default. Rating agencies assign letter designations such as AAA, AA, and so forth.


Further Suggestions

National Foundation for Consumer Credit
Export credit
Comparative credit analysis
children's tax credit
Crediting rate
credit note
Credit checks
Earned income credit
Tax credit
bank credit
Tax credit
Federal Intermediate Credit Bank
Standby letter of credit
Credit reference agency
Nonaccredited investor
Line of credit
Domestic credit
Credit averse
Federal Farm Credit Bank
Consumer credit
Best interests of creditors test
Credit Terms
Usance Letter of Credit
Evergreen credit
Syndicated Eurocredit loans


 
All rights Reserved. Do not copy without permission. T4 Innovations Ltd