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Thursday, May 24th 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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Layaway
Layaway plans are an old shopping tool that has had a revival in the Great Recession. Instead of going into debt to purchase something from a retailer, consumers pay for the item over time by paying the retailer a regular payment. They pick up the item when they've made the final payment.
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