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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Credit history - same as credit report.
  • Installment credit - a type of credit that has a fixed number of payments, in contrast to revolving credit.
  • Interest rate - the percentage of a sum of money charged for its use, also called rate of interest.
  • Borrower - someone who receives something (e.g., loaned money) on the promise to return it or its equivalent to the lender.
  • ID-1 - the ISO 7810 format specifying a size of 85.60 ◊ 53.98 mm (3.370 ◊ 2.125 in.) commonly used for banking cards such as ATM cards, credit cards, debit cards, and so on.

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