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.
- 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.