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.
- Point of sale (POS)
- The point of sale, or POS, is the location in a merchant's establishment at which the sale is consummated by payment for goods or services received. It is also where many retailers offer their store's credit card applications to consumers.