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Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
62% - Often

American Express Company

American Express Company
is a registered company.

Synonyms:American Express, Amex Card, plastic, platinum card
Acronyms &
Filed Under: companies-associations, financial-banking
Tags: credit card, stock symbol

Definition of American Express Company (AMEX, AXP)

American Express Company (AMEX, AXP)
1. An American financial services corporation best known for its credit cards, charge cards, and traveler's cheques. As of 2008, credit cards issued by the American Express Company, or Amex for short, account for 24% of the dollar value of all credit card transactions in the US.

Related Terms and Acronyms:

  • American Express Company (AMEX, AXP)   A corporation known for its credit card business.
  • card holder agreement   A written agreement or contract between a credit card holder and the credit issuer that details the terms and conditions of a credit card account. This agreement must include the Annual Percentage Rate, the monthly minimum payment formula, the annual fee if applicable, and the cardholder's rights in billing disputes. Changes to the agreement can be made at any time by the issuer with prior written notice.
  • credit card (CC)   A plastic card with a coded magnetic stripe that, when signed, entitles its bearer to a revolving line of credit, with a credit limit and interest rate determined by the borrower's income and credit report.
      ➥  A payment card that gives customers access to a revolving line of credit.
  • MasterCard (MC)   A credit card issued by MasterCard International which is distributed by many financial institutions around the world. Card holders borrow money against a credit line and pay it back with interest if the balance is carried over from month to month.
  • rebate card   This is a credit card that allows the customer to accumulate cash, merchandise or services based on card usage.
  • standard card   The basic card offered by issuers. Customers with higher incomes and good credit reports can qualify for the higher-limit gold and platinum cards.
  • Visa (V)   A type of credit card that is distributed by financial institutions around the world. A VISA card holder borrows money against a credit line and repays that money with interest if a balance is carried over from month to month.
      ➥  A brand of credit card.

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