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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Credit - is the risk of loss due to a party (such as a borrower) defaulting on a loan, or more generally the risk of loss due to some credit event.
  • Total SA - a French oil company headquartered in Paris, France, and one of the top four oil companies in the world (along with Royal Dutch Shell, BP, and ExxonMobil).
  • Compounding - to compute interest on the principal and accrued interest together, rather than on the principal alone.
  • Gift certificates or gift cards - cash alternatives that are essentially the same, except that the cards automate the checkout and accounting processes by having a barcode or magnetic strip, which can be processed through a standard electronic credit card machine.
  • 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.

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