Credit Card Liability
/ˈkrɛdɪt kɑrd laɪəˈbɪləti/
Definitions
- (n.) The legal obligation of a credit card holder to pay debts incurred on the credit card according to the cardholder agreement.
The court held the debtor liable for the credit card liability after he defaulted on payments.
Forms
- credit card liability
- credit card liabilities
Related terms
See also
Commentary
Credit card liability typically depends on terms of the cardholder agreement and may vary with jurisdictional consumer protection laws.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.