Gas Station Credit Card Additional Resources - Page 1
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* 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.
  • Bankruptcy - a legally-declared inability or decreased ability of an person or company to pay their creditors.
  • Interest rate - the percentage of a sum of money charged for its use, also called rate of interest.
  • Service station (U.S.) - a filling station that also offers such services as oil change and mechanical repairs to automobiles.
  • Loan default - a condition that occurs when a debtor has not met the legal obligations according to the debt contract, e.g. it has not made a scheduled loan payment, or violated a condition of the debt agreement.

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