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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 MatchesBank Letter of Credit PolicyBank Letter of Credit PolicyStandards allowing banks to confirm letters of credit by foreign banks supporting the purchase of US exports. Transferable letter of creditTransferable letter of creditDocument 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 AdministrationNational Credit Union AdministrationFederal agency that oversees and insures the federal credit union system, and is funded by its members. Backup Line of CreditBackup Line of CreditA 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 qualityCredit qualityA measure of the likelihood of default. Rating agencies assign letter designations such as AAA, AA, and so forth. Further SuggestionsNational Foundation for Consumer CreditExport 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 |
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