Credit Cards · Tools · Glossary · P-terms · Personal guarantee

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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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.