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You’re a Credit Card Owner. Now What?

Glossary

acquirer:
The messenger between a merchant and a credit card issuer.
asset allocation:
How your money is divided among asset classes such as stocks, bonds, and short-term investments.
billing statement:
A summary of your transactions made in one month, usually displaying how much you owe.
compound interest:
Interest calculated on both the principal interest and the accrued interest.
diversification:
Spreading your money amongst various types of investments within an asset class (different kinds of stocks and different kinds of bonds).
issuer:
The bank or credit card company that issues the credit card.
line of credit:
An account offered in exchange for trust that a card user will pay back its balance.
stop payment:
A request made by the account holder to a financial institution to stop a payment that has not been processed yet.
unauthorized charges:
A charge made by someone other than you or another authorized card holder. The cardholder is usually not held responsible.

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