In 2006, the average American household carried about $7,200 in revolving debt (mostly on credit cards) and $21,000 in total debt.
Financial and business terms. 2012.
certificates of amortized revolving debt — ( CARD) pass through securities backed by credit card receivables. Bloomberg Financial Dictionary … Financial and business terms
Debt — For other uses, see Debt (disambiguation). Personal finance Credit and debt Pawnbroker Student loan Employment contract … Wikipedia
Debt-snowball method — The debt snowball method is a debt reduction strategy, whereby one who owes on more than one account pays off the accounts starting with the smallest balances first while paying the minimum on larger debts. Once the smallest debt is paid off, one … Wikipedia
Revolving account — A revolving account is a type of debt account where the outstanding balance does not have to be paid in full every month by the borrower to the lender. The borrower may be required to make a minimum payment, based on the balance amount. The most… … Wikipedia
Clean Water State Revolving Fund — The Clean Water State Revolving Fund (CWSRF) is a self perpetuating loan assistance authority for water quality improvement projects in the United States. The fund is administered by the Environmental Protection Agency and state agencies. The… … Wikipedia
United States public debt — Part of a series of articles on Unit … Wikipedia
Senior debt — In finance, senior debt, frequently issued the form of a senior note, is debt that takes priority over other debt securities sold by the issuer. Senior debt has greater seniority in the issuer s capital structure than subordinated debt. In the… … Wikipedia
Credit Card Debt — A type of unsecured liability which is incurred through a short term revolving loan facility. While, technically, all purchases made by credit card create a debt to the user, these debts typically do not incur interest until the grace period has… … Investment dictionary
Senior Debt — Borrowed money that a company must repay first if it goes out of business. Companies have a number of options for obtaining financing, including bank loans and the issuance of bonds and stocks. Each type of financing has a different priority… … Investment dictionary
Credit history — This article deals with the general concept of the term credit history. For detailed information about the same topic in the United States, see Credit score (United States). Credit history or credit report is, in many countries, a record of an… … Wikipedia
