Terms Used In Arizona Laws 44-7805

• Credit card: means any card, plate or other single credit device that may be used from time to time to obtain credit and shall include a charge card, courtesy card, identification card or account number that may be used to access a line of credit to purchase goods or services. See Arizona Laws 44-7801
• Creditor: means the person, business, financial institution or commercial enterprise that owns the credit card account. See Arizona Laws 44-7801
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Issuer: means a financial institution or an authorized agent of a financial institution that issues a credit card. See Arizona Laws 44-7801