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.
- Personal guarantee
- With business credit card agreements, when you give your personal guarantee, you are essentially a co-signer on the business credit card account and remain liable for any debts the business incurs. You have given your "personal guarantee" that you will responsible for the debt.