credit card

credit card A plastic card issued by a bank or finance organization to enable holders to obtain credit in shops, hotels, restaurants, petrol stations, etc. The retailer or trader receives monthly payments from the credit-card company equal to its total sales in the month by means of that credit card, less a service charge. Customers also receive monthly statements from the credit-card company, which may be paid in full within a certain number of days with no interest charged, or they may make a specified minimum payment and pay interest on the outstanding balance. Credit cards may be used to obtain cash either at a bank or its ATMs. See alsocharge card; debit card; gold card.

• fire insurance
• firewall
• firmware
• first-class paper
• first-in-first-out cost
• first-loss policy
• first mortgage debenture
• first notice day
• first preferred stock
• first-tier market
• first-year allowance
• fiscal agent
• fiscal policy
• fiscal year
• fish-bone diagram
• fixed asset
• fixed capital
• fixed capital formation
• fixed charge
• fixed debenture
• fixed exchange rate
• fixed-for-floating
• fixed-interest security
• fixed overhead cost
• fixed-price tender