Balance transfer
Definition
The process of moving an unpaid credit card debt from one issuer to another. Card issuers sometimes offer teaser rates to encourage balance transfers coming in and balance transfer fees to discourage them from going out.
Related Terms Other terms related to 'Balance transfer' starting with the letter 'B' Buydown, Breach of covenant, Balance transfer fee, Burden of Proof, bounce protection Browse by Letter » A B C D E F G H J L M N O P R S
| 