Credit Vocabulary |
Credit and debt related terms that are on used on this site.
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View Glossary |
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| There are 5 entries in the glossary. |
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| Last Reported | On the credit report, the date the creditor last reported information about the account. |
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| Liability amount | Amount for which you are legally obligated to a creditor. |
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| Lien | Legal document used to create a security interest in another’s property. A lien is often given as a security for the payment of a debt. A lien can be placed against a consumer for failure to pay the city, county, state or federal government money that is owed. It means that the consumer’s property is being used as collateral during repayment of the money that is owed. |
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| Line of Credit | In open-end credit, the maximum amount a borrower can draw upon or the maximum that an account can show as outstanding. |
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| Location number | The book and page number on which the item is filed in the court records. |
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Glossary V2.0 |
