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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Gas credit card - a credit card issued by a major gasoline or petrochemical company.
  • Loan - a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usually with interest.
  • 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.
  • Debtor - a person or company owing debt (such as a cash loan).
  • Time value of money TVM - also called the discounted present value, is based on the premise that one will prefer to receive a certain amount of money today than the same amount in the future, all else being equal. Refers to effects of interest over time.

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