Compound instrument and Credit card: Difference between pages
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A card indicating that the holder has been granted a line of credit. | |||
It enables the holder to make purchases and/or withdraw cash up to a pre-arranged ceiling; the credit granted can be settled in full by the end of a specified period or can be settled in part, with the balance taken as extended credit. | |||
Interest is charged on the amount of any extended credit and the holder is sometimes charged an annual fee. | |||
== See also == | == See also == | ||
* [[ | * [[Corporate card]] | ||
* [[ | * [[Credit]] | ||
* [[ | * [[Debit card]] | ||
* [[Payments and payment systems]] | |||
* [[MIF]] | |||
* [[Travel and entertainment card]] | |||
[[Category: | [[Category:Cash_management]] | ||
[[Category:Liquidity_management]] | |||
Revision as of 12:30, 28 March 2016
A card indicating that the holder has been granted a line of credit.
It enables the holder to make purchases and/or withdraw cash up to a pre-arranged ceiling; the credit granted can be settled in full by the end of a specified period or can be settled in part, with the balance taken as extended credit.
Interest is charged on the amount of any extended credit and the holder is sometimes charged an annual fee.
