A debt which is divided up and charged to a consumer or business at specified intervals. This is a way of structuring a loan, or restructuring an existing debt to make it easier to pay. Satisfied: A judgment given by the court, when the debtor has fulfilled his or her repayment obligation.
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PREMIUM FINANCING Activate: Usually, on receiving a new credit card, the owner has to make a call to the card issuer to inform them about it. Only then does the issuer activate the card or make it functional. It is a precautionary step to confirm that the correct person has received the card, in order to prevent fraudulent activities.
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Adjustment Regulation X: A regulation that puts a limit on the amount of credit that can be granted for purchasing securities from brokers, dealers or lending institutions.
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Medical Claim Examiner LIABILITY (AUTO)
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The date that a creditor last reported an entry regarding a consumer - to the credit reporting agency. Air Miles: Air miles is a reward scheme related to air travel, where the credit cardholders earn points and miles for every purchase they make by using their credit card. These collected miles can be exchanged for free air travel or discounts and for other retail goods and gift cards.