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credit card

(Encyclopedia) credit card, device used to obtain consumer credit at the time of purchasing an article or service. Credit cards may be issued by a business, such as a department store or an oil…

debit card

(Encyclopedia) debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller…

smart card

(Encyclopedia) smart card, small device that resembles a credit card but contains an embedded microprocessor to store and process information. Magnetic-stripe cards, which store a very small amount…

installment buying and selling

(Encyclopedia) installment buying and selling, buying and selling of goods on credit, with the stipulation that payments shall be made at specified intervals in set amounts. The goods may be used by…

Credit Card Use, 1992-2004

General-purpose credit cards include Mastercard, Visa, Optima, and Discover. All dollar figures are given in constant 1998 dollars based on consumer…

identity theft

(Encyclopedia) identity theft, the use of one person's personal information by another to commit fraud or other crimes. The most common forms of identity theft occur when someone obtains another…

credit

(Encyclopedia) credit, granting of goods, services, or money in return for a promise of future payment. Most credit is accompanied by an interest charge, which usually makes the future payment…

Cracking the Credit Code

Glossary of Credit TermsSource: The Federal Reserve Board. Web: http://www.federalreserve.gov/pubs/shop/ .Annual feeA flat yearly charge similar to a membership fee.Annual percentage rate (APR)A…

Protecting Personal Credit

by David Johnson How to Stop Thieves From Using Your Checks Tips on making your personal checks more secure Understanding Credit Reports Find out who uses them, what in them, and…

e-commerce

(Encyclopedia) e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such…