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Money and Gas Saving Tips





Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Compounding - to compute interest on the principal and accrued interest together, rather than on the principal alone.
  • Magnetic strip - on the back of a credit card, contains financial and account information about the account and the cardholder.
  • Simple interest - interest that accrues linearly, growing by a certain fraction of the principal over equally-spaced time periods for the life of the loan.
  • Amoco Oil Corporation - first incorporated as Standard Oil of Indiana, formed from the breakup of gasoline giant Standard Oil. Amoco was merged with British Petroleum in 1998 to form BP Amoco, later rebranded to BP.
  • Frequent Flyer Program - a service offered by many airlines to reward customer loyalty where airline customers in the program accrue points (frequent flyer miles) corresponding to the distance flown on that airline. Accrued points can be redeemed for free air travel and other products or services.

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