Glossary of Credit Card Terms

(1) | 1 (1) | 3 (1) | 5 (1) | A (42) | B (28) | C (92) | D (44) | E (19) | F (33) | G (7) | H (3) | I (14) | J (7) | K (3) | L (10) | M (27) | N (12) | O (10) | P (43) | Q (2) | R (34) | S (43) | T (26) | U (9) | V (10) | W (2) | X (1) | Y (1) | Z (7)
Data breach Data breach occurs when hackers steel credit card info that can be used fraud or identity theft. More and more, data breaches happen at computing block points where thousands of pieces of financial...
DD (Regulation DD) A law that requires depository institutions to disclose any fees, interest rates or other charges imposed to deposit accounts. This includes any overdraft or other fees linked with transactions...
De-tokenization The process of recovering the primary data from an encrypted token based on the token-to-PAN mapping stored in a token vault.
Deadbeat A deadbeat is the harsh term used to describe customers who use lenders money with no interest on it to pay off their balances monthly. The official term is "transactor." Since the recession's end,...
Debit A debit is a charge to an account. Cards linked to a checking or savings account are usually called debit cards because customers use them to withdraw money from them, making debits. Debit...
Debit card Aldo debit cards and credit cards are the same in appearance they are different in one major aspect: A debit card withdraws money from a bank account, while a credit card creates a loan. Today's...
Debt A debt is an amount owed, in the form of a charge to a client’s card bank account. A credit card debt can be obtained through use of the card for purchases, cash withdrawal at an ATM, or by use of "...
Debt consolidation Debt consolidation is way of combining a single new loan with previous multiple loans, where the new loan has lower interest rate and payment or a longer repayment period. With credit card debt the...
Debt management plan (DMP) In credit counseling, a debt management plan (DMP) is a formal arrangement between a debtor, a credit counseling firm and creditors. Where the counseling firm acts as a mediator and spreads the one...
Debt negotiation Debt negotiation is the method of making a new deal with creditors. It is also called debt settlement.

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