 Posted: Tue Jun 21, 2005 3:46 am Subject: Debt Glossary for alphabet "O" |
|
|
Hi,
I have enlisted all the major terminologies related to debt under alphabet O below -
Offer Expires: This is the date of expiry of credit card validity. Even after the expiry date a consumer may enjoy certain rights which the credit card company allows him to.
Overdraft Checking: A line of credit that allows you to write checks or draw funds by means of an EFT card for more than your actual balance, with an interest charge on the overdraft.
Origination Fee: The amount charged by a lender or a creditor to meet the administrative costs incurred during the processing of a loan.
Regards
Roxette
|
|
roxette
Moderator
Joined: 18 Mar 2005
Posts: 4140
Debtcc Points: 50410
|
