Credit Card Glossary: Terms and Definitions
Confused by credit card terms? CreditCards.com'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.
- Deed in lieu
- A process whereby the homeowner can avoid foreclosure by voluntarily turning the property over to the mortgage lender in return for being released from all obligations under the mortgage.