Credit Library - Credit Glossary – Meaning Of Default Rate

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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.

Default Rate

When the credit card holder defaults in any way, there would be a penalty charged for that. The interest charged for this will be usually very high and this is called as the default rate.

Deadbeat	Debtor	Delinquent Account	Distributor
Debit	Debt-To-Income Ratio	Dining and Entertainment	Dormant Account
Debit Card	Default	Direct Mail	Double Billing Cycle
Debt	Default APR	Discount Rate	Drop
Debt Consolidation	Default Rate	Discover Card	Dump


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