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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Debtor - a person or company owing debt (such as a cash loan).
  • Revolving credit card or account - a credit card or credit account while allows the user to carry a balance (a revolving balance) each month by paying a minimum amount. This flexibility comes at the cost of interest charged by the credit card companies.
  • Sunoco - an American petroleum and petrochemical manufacturer now called Sun Oil Company.
  • Personal check - a written order to a bank to pay the amount specified from previously-deposited funds.
  • Installment credit - a type of credit that has a fixed number of payments, in contrast to revolving credit.

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