Credit Cards · Tools · Glossary · M-terms · Mandatory binding arbitration

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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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.