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Saturday, November 21st 2009
Credit Card Glossary

Credit Card Glossary: Terms and Definitions

Confused by credit card terms? CreditCards.com's glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.
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Deleveraging

In economic terms, leverage means to use a loan to acquire an asset. Deleveraging, then, is the process of reducing the size of the loan. When economists say the American public is deleveraging, it simply means we're paying off debt.

Related Terms:account number, acquiring financial institution, additional cardholder, annual percentage rate (apr), arbitrage, authorized user, automatic payment, available credit, balance-to-limit ratio, bank, bank card, billing cycle, cash advance fee, debtor, expired card, finance charge, foreign transaction fee, hold, inactive account, margin, mcc (merchant category codes), merchant category code (mcc), new balance, over-limit, overdraft protection, pay to pay, purchase rate, revolving line of credit, service charge, terms and conditions, total finance charge, utilization ratio, zero balance
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