Credit Card Glossary: Terms and Definitions
A thrift is a financial institution whose main purpose is to take in deposits and fund mortgages, as famously depicted in the 1946 movie “It’s a Wonderful Life.” However, thrifts may also issue credit cards. Thrifts, also known as savings and loan associations, are regulated by the Office of Thrift Supervision, a division of the U.S. Treasury.
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.