Additional Resources - Gas Card Application Page 1

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Gas Card Application Additional Resources - Page 1
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Today's News About Credit Cards

* Related Definitions, Terms and Acronyms:

Credit (financial definition) - when used in terms such as credit card, refers to the granting of a loan and the creation of debt.
Lend - to give something (e.g., money) to somebody (the borrower) for using it, expecting to get it back.
Gas theft - the removal of gasoline from a station without payment. Typically the thief will usually use some form of decoy to prevent nearby witnesses from noticing the lack of payment until they have left the station. Common decoys include pretending to press the wrong buttons after swiping the credit card, or having multiple people get gas at the same time with one paying for another person and the other running off with both cars.
Compound interest - interest which is regularly added to the debt (called compounding) and is calculated over the principal PLUS over the interest already accrued to the debt (over the total amount owed).
Loan - a type of debt in which the borrower initially receives an amount of money from the lender, which the borrower pays back, usually in regular installments, to the lender. Generally provided at a cost, referred to as interest.