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* Related Definitions, Terms and Acronyms:
  • Borrower - someone who receives something (e.g., loaned money) on the promise to return it or its equivalent to the lender.
  • Compounding - to compute interest on the principal and accrued interest together, rather than on the principal alone.
  • Maestro - an international debit card service; a joint venture by Mastercard and Europay International.
  • How to restrict companies from accessing your credit history - a consumer may elect to have the consumerís name and address excluded from any list provided by a consumer reporting agency in connection with a credit or insurance transaction that is not initiated by the consumer (such as pre-approved credit card solicitations), by notifying the agency that the consumer does not consent to any use of a consumer report relating to the consumer in connection with any credit or insurance transaction that is not initiated by the consumer.
  • 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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