- Types:
- show 8 types...
- hide 8 types...
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equity credit line, home equity credit, home equity loan, home loan
a loan secured by equity value in the borrower's home
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installment credit, installment loan
a loan repaid with interest in equal periodic payments
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charge account credit, open-end credit, revolving credit
a consumer credit line that can be used up to a certain limit or paid down at any time
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charge account, credit account, open account
credit extended by a business to a customer
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charge card, charge plate, credit card, plastic
a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered
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debit card
a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account
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smart card
a plastic card containing a microprocessor that enables the holder to perform operations requiring data that is stored in the microprocessor; typically used to perform financial transactions
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check overdraft credit, overdraft credit
credit provided by a bank in honoring a customer's overdrafts
