Credit Library - Credit Glossary – Meaning Of Residual Interest

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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.

Residual Interest

Within the time period between a bill for credit card sent and the receiving of the bill, there is a specific amount of interest which is called the residual interest. When a card holder carries a balance on his/her credit card, then only this residual interest is applied.

Receipt	Refund	Residual Interest	Revolving Line Of Credit
Recurring Billing	Regulation Z	Retail	Reward Card
Reference Number	Reloadable Card	Revolver	Roll Rate


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