Glossary of Credit Card Terms

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Keep and pay "Keep and pay" is a tactic individual can use to borrow money to buy a possession, and then use bankruptcy to cancel the loan, with out the risk losing the possession. With keep and pay, you bypass...
Key Key is used in data storage and encryption during the credit card authorization process. Key, as the name suggests, locks and unlocks data. When credit card numbers are stored or transmitted, they...
Knuckle-buster A knuckle-buster is a manual credit card machine that makes impressions of the credit cards by sliding a handle over the embossed numbers onto carbon-paper packet copies. Also called a zip-zap...