Credit Card Glossary: Terms and Definitions
In economic terms, leverage means to use a loan to acquire an asset. Deleveraging, then, is the process of reducing the size of the loan. When economists say the American public is deleveraging, it simply means we’re paying off debt.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.