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* Related Definitions, Terms and Acronyms:
  • UST - underground storage tank, often associated with gasoline storage at gas stations.
  • Credit card incentives, rewards, and rebates - credit providers often offer incentives such as frequent flier miles, gift certificates, or cash back (typically 1 %) to try attract customers to their program.
  • 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.
  • 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.
  • Revolving credit - a type of credit that does not have a fixed number of payments, in contrast to installment credit.

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