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Sample Glossary Terms

Credit Limit

In a revolving credit agreement such as that underlining a credit or charge...

Credit Report

The record of your credit history held by any of the three credit bureaus E...

Credit risk

In the simplest sense, credit risk is the chance that a borrower will be un...

Credit Score

A numerical score that is meant to represent a person's creditworthine...

Credit union

A cooperative non-profit financial institution formed by a non-financial gr...

Debit Card

Debit cards function similarly to credit and charge cards, but with an impo...

Debt Consolidation

The process of merging debts into a single loan and/or repayment schedule....
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