a sum of money that is borrowed and is expected to be repaid with interest

payments made by a borrower for the use of a lender’s money, often expressed as an annual percentage

something owed to a person or an organization

the privilege granted to approved clients to receive goods or services and to pay for them IN THE FUTURE

a assessment of a person’s ability to handle the financial burden of credit (i.e. to pay back debt) at a particular time. 

a record of an individual’s debt and payment patterns (i.e., a statement that shows whether someone pays back debt on time.)

the maximum amount of money that can be charged to a particular credit account

a bank-issued card that allows the cardholder to purchase goods or services from a merchant on credit

A bank-issued card that is electronically linked to the cardholder’s bank account to allow for cash-less purchases (also called ATM or ABM card)

a device that allows a card holder to deposit and withdraw cash, pay bills, and other basic teller functions 

a fee charged every year by the credit card issuer for the cardholder’s right to possess and use the card