Tag: card

What is 'Federal Credit Union - FCU' A credit union chartered and supervised by the National Credit Union Association (NCUA), a federal...

What is 'Warm Card' A type of ATM card that allows the bearer restricted access to a business account. Most frequently, the...

DefinitionDebt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This commonly refers to a...

What is 'Dangling Debit' A debit entry with no offsetting credit entry. Dangling debit occurs when a company purchases goodwill or services...

DefinitionThe underbanked is a characteristic describing people or organizations who do not have sufficient access to mainstream financial services and products typically offered by...

DefinitionIn finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a...

DefinitionA credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on...

What is 'Hard Inquiry' A type of credit report check that may lower an individual's credit score. A hard inquiry occurs when...

DefinitionEcash was conceived by David Chaum as an anonymous cryptographic electronic money or electronic cash system in 1983. It was realized through his corporation...

FICO score is one to the measures that are used by the lenders to assess the credit risk of an applicant, and then decide...