Credit Card Glossary: Terms and Definitions
Arbitration is an alternative dispute resolution technique that keeps disputes out of the courts. In the credit card industry, consumers usually must accept mandatory and binding arbitration in order to obtain a credit card. It eliminates the cardholder’s right to sue the credit card issuer, and instead, forces the parties to settle disputes before an arbitrator.
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.