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Credit Card Glossary: Terms and Definitions

Confused by credit card terms?'s glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.

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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.