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29 Results for Tag: consumers

National Foundation For Consumer Credit (NFCC)

National Foundation For Consumer Credit (NFCC) What is 'National Foundation For Consumer Credit - NFCC' A non-profit organization that seeks to educate consumers about credit and borrowing

National Association of Insurance Commissioners (NAIC)

National Association of Insurance Commissioners (NAIC) What is 'National Association of Insurance Commissioners - NAIC' A nationwide organization whose main responsibility is to protect th

Ombudsman

Ombudsman What is 'Ombudsman' An official who investigates complaints (usually lodged by private citizens) against businesses, financial institutions and/or the government. An ombudsman ca

Same-Day Substitution

Same-Day Substitution What is 'Same-Day Substitution' An offsetting change in a margin account, made over the trading day, that results in no overall change in the value of the account. Wh

Bait And Switch

DefinitionBait-and-switch is a form of fraud used in retail sales, but also employed in other contexts. Bait And Switch What is 'Bait And Switch' A dishonest marketing tactic in which a ma

Balance Protection

Balance Protection What is 'Balance Protection ' The optional coverage on an existing credit card account. Typically, the fee for the balance protection is a specified percentage of the b

Bad Debt

Bad Debt What is 'Bad Debt' Bad debt is debt that is not collectible and therefore worthless to the creditor. Bad debt is usually a product of the debtor going into bankruptcy but may also

Call Protection

Call Protection What is a 'Call Protection' A call protection is a protective provision of a callable security prohibiting the issuer from calling back the security for a period early in i

CPI – Consumer Price Index

CPI - Consumer Price Index The consumer price index (CPI) is metric that denotes prices of goods and services including food items, transportation, medical care, and others used by individua

Payday Loans

DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are also sometimes referred to as "cash
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