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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.


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Means test

There are many types of means tests, but it took on a new, credit-related meaning with the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act, which went into effect in 2005. The act imposed a means test that limits the ability of high wage earners to dispose of their debts through Chapter 7 bankruptcy. Because costs of living vary, the bankruptcy means test varies by state.