Credit Card Financial Glossary

What is it? A plastic card having a magnetic strip, issued by a bank or business authorizing the holder to buy goods or services on credit. Also called charge card. A card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered.

Finance Term Definition Added By: Alexandra

Send To Friends!

If you'd like to send the Credit Card definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Credit Card. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Size is The size of the last trading transaction.

Financial Term Endorsement is A provision added to an insurance policy to add to or alter the existing coverage. May be referred to as a rider.

Financial Term Encumbrance is A claim against a property by another party which usually affects the ability to transfer ownership of the property.

Financial Term Accounts Payable is The amount of money a company owes for goods and services it has received; any outstanding debt that a company has.

Financial Term Mortgagee is The party lending the money and receiving the mortgage. Some state treat the mortgagee as the legal owner, entitled to rents from the property. Other states treat the mortgagee as a secured creditor, the mortgagor being the owner. The latter is the more modern and accepted view.