GLOSSARY

Rate floor Rate Index Rebate Card Redemption Reorganization plan Repayment Plan Repossession Revolver Revolving account Revolving charge account Right of Rescission Risk pricing
GLOSSARY TERMS by Alpha
# | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Revolving account

A type of credit account where a consumer has the option to pay the debt in full each month or to make a minimum monthly payment based upon the outstanding balance. Examples include department stores, gas and oil companies and bank-issued credit cards.

Previous Term: Revolver
Next Term: Revolving charge account


Featured Services: