Tooltip Categories: Economics & Finance

credit limit

The maximum amount of credit that a bank or other lender will extend to a customer, or the maximum that a credit card company will

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credit line

An arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the bank will permit the borrower

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credit note

A form or letter sent by a seller to a buyer, stating that a certain amount has been credited to the buyer’s account. (source: http://www.businessdictionary.com/definition/credit-note.html#ixzz2RP9KcXAG)

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credit officer

Credit officers, also known as loan officers or credit analysts, determine whether an individual or business qualifies for a loan or other extension of credit.

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credit entry

An accounting entry acknowledging income or capital items. (source: thefreedictionary.com )

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credit card terminal

A Credit Card Terminal, also called an Electronic Data Capture Terminal or EDC Terminal for short, is an electronic device that enables merchants to accept

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credit available

The unused portion of an open line of credit, such as a credit card or a revolving loan (such as a home-equity line of credit).

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credit balance

Whether a debit or a credit increases or decreases an account balance depends on the type of account. Asset and expense accounts are increased on

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credit card annual fees

Fixed amount that a financial institution charges to a credit or debit card holder, for issuing, replacement or renewal, and management. In the case here

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credit card issuer

A credit card issuer is a bank or credit union who offers credit cards. The credit card issuer makes the credit limit available to cardholders

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