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RBA Glossary definition for credit card
credit card – A credit card is a card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit. Interest may be charged on the transaction amounts from the date of each transaction or only on the extended credit where the credit granted has not been settled in full.
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Short-term Business Finance in Australia
31 Dec 2013
RDP
2013-13
Examples of revolving business credit include bank overdrafts, lines of credit, and credit cards. ... In other words, just like a personal credit card, interest is accrued and charged based on the amount of credit used rather than the amount that is
https://www.rba.gov.au/publications/rdp/2013/2013-13/short-term-business-finance.html
Inventory Investment and the 2008/09 Financial Crisis
31 Dec 2013
RDP
2013-13
First, short-term intermediated credit should have fallen and/or its price risen substantially. ... Instead, small businesses are more likely to use credit cards (73 per cent), secured bank loans (41 per cent), bank overdrafts (40 per cent) and leases
https://www.rba.gov.au/publications/rdp/2013/2013-13/inventory-investment-financial-crisis.html