Texas Business and Commerce Code 505.001 – Definitions
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Terms Used In Texas Business and Commerce Code 505.001
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
In this chapter:
(1) “Credit card” means a card or device issued under an agreement by which the issuer gives to a cardholder the right to obtain credit from the issuer or another person.
(2) “Credit card issuer” means a lender, including a financial institution, or a merchant that receives applications and issues credit cards to individuals.