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Thursday, February 9th 2012
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.
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