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)
Z (regulation) Regulation Z is Regulation Z, a part of the federal Truth in Lending Act, states that credit card issuers have to provide consumers with an initial disclosure statement, which is usually a component...
Z score The Z score is model that predicts bankruptcy developed by New York University professor Edward Altman in 1968. The Z score's formula gives score to five financial ratios to determine a risk factor...
Zero balance Zero balance means there is debt on your credit card. Depending on a length of the credit card possession, number of accounts you have and the size of your credit limit, canceling the card due to a...
Zero liability policy Major credit card issuers, concerned about public reactions to identity theft and fraud, have voluntarily adopted zero liability policies to product consumers. Zero liability policies go beyond the...
Zero percent Zero percent is the interest rate used in introductory periods by credit card. Zero percent deals for up to a year very common in the past, but that has changed since the credit crunch began in 2007...
Zip-zap machine A zip-zap 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 knuckle-buster.
Zombie debt Zombie debt is old credit card and other debts that are beyond the statute of limitations, and can’t be collected even trough court but nothing can prevent debt collectors from asking an individual...