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* Related Definitions, Terms and Acronyms:
  • BP - originally British Petroleum - a multinational energy company that in 1998 merged with the American Oil Company (Amoco), forming BP Amoco and later rebranded to BP.
  • Bankruptcy - a legally-declared inability or decreased ability of an person or company to pay their creditors.
  • Loan default - a condition that occurs when a debtor has not met the legal obligations according to the debt contract, e.g. it has not made a scheduled loan payment, or violated a condition of the debt agreement.
  • How to restrict companies from accessing your credit history - a consumer may elect to have the consumer’s name and address excluded from any list provided by a consumer reporting agency in connection with a credit or insurance transaction that is not initiated by the consumer (such as pre-approved credit card solicitations), by notifying the agency that the consumer does not consent to any use of a consumer report relating to the consumer in connection with any credit or insurance transaction that is not initiated by the consumer.
  • Discount brands - usually smaller regional gas station chains or independent stations that offer lower prices on gasoline.

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