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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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A debt is an amount owed. In credit card terms, debt is in the form of a charge to a customer's bank card account. A credit card debt can be incurred to a credit card account through use of the card to purchase goods or services, by cash withdrawal at an ATM, or by use of "convenience checks." Credit card debts have higher interest rates than rates for other types of loans. That's because they are unsecured debts, unlike mortgages or car loans, in which the lender can seize property if the debt is unpaid.