Credit Card Glossary: Terms and Definitions
Collateral is something pledged against a debt. If the debt is unpaid, the lender can sieze the collateral in payment for the debt. Such debts are said to be secured debts: The debts are secured by collateral, most commonly a house or a car. The most common credit cards have no collateral andn most credit card debt is unsecured.
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.