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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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Point of sale terminal
In credit card parlance, a point of sale terminal is a card reader that a retailer uses to record a sale and initiate a payment's approval. Either the retailer or the customers themselves will swipe the card to begin a transaction. There are many types of point of sale terminals.
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