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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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Unsecured debt
Unsecured debt is debt that is not backed by collateral. Unsecured debt includes credit card debt, medical bills, utility bills and any other type of credit that was extended without collateral. When a loan is backed by collateral, such as a house or car, it's known as secured debt. Unsecured debt can be wiped out by bankruptcy.