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• The factor that a particular interest rate is directly related to, some common indexes are the One Year Treasury Bills, LIBOR, and the prime lending rate.

  State of Maine, Department of Professional and Financial Regulation - Cite This Source - This Definition
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  Cite Definition for index

  American Psychological Association (APA)

  index. (n.d.). Consumer Credit Protection Glossary. Retrieved March 25, 2023, from website: http://www.expertglossary.com/definition/index.

  Chicago Manual of Style (CMS)

  index. www.maine.gov. Consumer Credit Protection Glossary. State of Maine, Department of Professional and Financial Regulation. http://www.expertglossary.com/definition/index (accessed: March 25, 2023).

  Modern Language Association (MLA)

  "index." Consumer Credit Protection Glossary. State of Maine, Department of Professional and Financial Regulation. 25 March. 2023 http://www.expertglossary.com/definition/index.

All > Business > Finance > Personal Finance > Consumer Credit > Credit Card

• The reference point used to calculate interest-rate adjustments for adjustable-rate APRs on credit cards. The index rate can increase or decrease at any time. Common indexes include the prime rate and the one-, three- , and six-month Treasury bill rates.
  Board of Governors of the Federal Reserve System - Cite This Source - This Definition
  ×

  Cite Definition for index

  American Psychological Association (APA)

  index. (n.d.). Credit Card Consumer's Guide. Retrieved March 25, 2023, from website: http://www.expertglossary.com/definition/index.

  Chicago Manual of Style (CMS)

  index. www.federalreserve.gov. Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. http://www.expertglossary.com/definition/index (accessed: March 25, 2023).

  Modern Language Association (MLA)

  "index." Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. 25 March. 2023 http://www.expertglossary.com/definition/index.

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