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Glossary

T

Taxable Income

Any money you earn or receive - such as salary, bonuses or interest from investments - that can be taxed by the Federal, state, or local government.

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Transaction Date

The date a purchase is made or cash is withdrawn. Some companies assess interest from the transaction date, others from the posting date.

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Transaction Fee

An extra charge for various credit activities such as using an ATM or receiving a cash advance.

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