Credit Card Glossary: Terms and Definitions
Mandatory binding arbitration
Mandatory binding arbitration is a contract clause commonly added by credit card issuers. It eliminates the cardholder’s right to sue the credit card issuer, and instead, forces the parties to settle disputes before an arbitrator.
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.