Credit Card Glossary: Terms and Definitions
Breakage is a term used in the retail and payments industry to describe how some gift cards will never be used. Breakage is the reason that gift cards can sometimes be bought for less than face value, because the retailer can be sure a certain proportion will go unused.
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.