Credit Card Glossary: Terms and Definitions
Choice of law
A choice of law clause is a common component of credit card agreements. The clause names the card issuer’s home state and calls for that state’s laws to govern disputes between the issuer and the cardholder. However, courts are not bound by the clause. They may decide that the law in the state where the case is filed should apply to the dispute.
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.