Credit Library - Credit Glossary – Meaning Of Bankruptcy

The world of Credit Cards is full of a number of Specific Terms which you need to know in order to understand the Transactions, Rules better. But you will not find a uniformed dictionary where you can turn to seek help from. To solve this problem, TopCreditCards.com, presents here the complete Credit Card Glossary covering Terms from A - Z commonly used in the credit card world.

Simply Click on the Alphabet or Click on the Definition to find out the Meaning of the Term with Detailed Explanation below.

Bankruptcy

In extreme cases, when payments cannot be made even in dire circumstances, a legal document can be signed stating that you are unable to meet your needs, in order to keep yourself secure. The Personal bankruptcy chapter 7 eliminates you from paying anything; however the court could take some assets like cars, property and others. According to chapter 13 the period of payment can be extended. Bankruptcy would have a bad image, and would pose a problem for getting credit cards even in the future.

Bad Credit	Bank	Bankruptcy	Billing Statement
Balance	Bank Account	Basis Points	Blocks
Balance Transfer Cards	Bank Card	Batching	Breakage
Balance Transfer Fee	Bank Holding Company	Billing Cycle	Business Card (Business Credit Card)
Balance-To Limit Ratio	Bank Identification Number (BIN)


Glossary	Credit Library	Print


# \| 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


	© 2009 TopCreditCards.com. All Rights Reserved	About Us \| Contact Us \| Privacy Policy \| Site Map

	Disclaimer: TopCreditCards.com has taken minute care to furnish all the information as accurately regarding Credit/Debit Cards and other services, as possible. We will not be held responsible for any inaccurate information and hence we would like to request you to verify the Rates, Terms & Conditions of the Credit/Debit Cards, and other Credit Program Services as they are tentative and can change without prior intimation.