Credit Card Glossary: Terms and Definitions
Adjusted balance
The adjusted balance method is a formula many card issuers use to calculate monthly payments. Issuers subtract payments made during the month on a credit card account, along with adding finance charges incurred.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.