Credit Card Glossary: Terms and Definitions
A “deadbeat” is the unflattering term sometimes used in the credit card industry to describe consumers who pay off their balances every month, using the lenders’ money but paying no interest on it. The more-polite, official term is “transactor.” Since the recession’s end, deadbeats — or transactors — have been on the rise, since more consumers see the wisdom of using credit cards as a tool of convenience, not an instrument of debt.
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.