Consumer Credit terms starting with S

7 terms

1. Secured credit card A secured credit card is linked to a savings account you open with the bank or other financial institution offering the card.
2. Security The term "security" covers a broad variety of financial instruments, including stock, promissory notes, bonds, debentures, limited partnership interests…
3. Security Interest The creditor’s right to take property or a portion of property offered as security.
4. Set-up fee A fee that may be charged when you open a new credit card account.
5. Standard payment instructions You must pay your credit card bill in a manner that meets all the following conditions: You must pay in U.S.
6. Supervised Lender A person authorized to make or take assignments of most consumer loans and residential mortgages, either under a license issued by the Administrator…
7. Supervised Loans Consumer loans, including loans made with open-end credit, in which the finance charge is greater than 12.