MANAGEMENT

Detailed explanation-1: -A credit card is essentially a card issued by a lender which allows you to borrow money from the lender up to a certain limit, which is usually set on a monthly basis. Credit cards can be either secured on unsecured.

Detailed explanation-2: -The credit cards can also be used to withdraw cash from an ATM and for transferring funds to bank accounts, debit cards, credit cards and prepaid cards within the country, subject to prescribed limits and conditions.

Detailed explanation-3: -A credit card is a metal or plastic card that is issued by a bank and allows customers to borrow money in order to make purchases. The cardholders have to pay the money back to the financial institution within the given span of time.

Detailed explanation-4: -A cash advance is basically a short-term loan offered by your credit card issuer. When you take out a cash advance, you’re borrowing money against your card’s line of credit.

Detailed explanation-5: -Debt is anything owed by one party to another. Examples of debt include amounts owed on credit cards, car loans, and mortgages.