All > Business > Finance > Personal Finance > Consumer Credit
A plastic card with a magnetic stripe that is used from time to time or over and over again to borrow money or buy goods or services on credit, and which offers the ability to make partial payments toward the balance owed.
State of Maine, Department of Professional and Financial Regulation - Cite This Source - This Definition- Browse Related Terms: Annual Percentage Rate (APR), Closing Costs or Settlement Fees, Consummation, Credit Card, discount points, Finance Charge, interest, Loan origination fees, Origination fee, Points and Origination Fees, Principal
All > Business > Finance > Personal Finance > Consumer Credit > Credit Card
A payment device that allows you to make a purchase when you don't have cash on hand. Your card's terms and conditions and any additional features will be outlined in your credit card agreement.
- Browse Related Terms: Authorized user, CARD, Cash advance, Credit Card, Credit card agreement, Everyday debit card transactions, Overdraft, Secured credit card, Standard payment instructions