Credit Card Glossary: Terms and Definitions
Layaway plans are an old shopping tool that enjoyed a revival during the Great Recession, and has stuck around since. Instead of going into debt to purchase something from a retailer, consumers pay for the item over time by paying the retailer a regular payment. They pick up the item when they’ve made the final payment.
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.