Glossary
Credit Authorizer Terms & Vocabulary
15 essential credit authorizer terms with plain-English definitions: the vocabulary you’ll hear in training and on day one.
Key credit authorizer vocabulary
These 15 terms come up constantly in credit authorizer training, on the job and in interviews. Knowing them helps you follow instructions, document accurately and sound prepared.
- Adverse action notice
- Letter explaining a denial.
- Approval of a charge.
- Credit limit
- Maximum balance allowed.
- Credit report
- History of borrowing.
- Credit score
- Number rating risk.
- Debt-to-income
- Debt compared to income.
- Decline code
- Reason for denial.
- ECOA
- Equal Credit Opportunity Act.
- FCRA
- Fair Credit Reporting Act.
- Fraud alert
- Flag on a credit file.
- Hard inquiry
- Credit check that affects score.
- Identity theft
- Using another’s identity.
- Override
- Approval outside normal rules.
- Soft inquiry
- Check that doesn’t affect score.
- Synthetic ID
- Fake identity mixing real data.
Practice these terms
Test yourself with the free Credit Authorizer practice test: it includes vocabulary questions built from this list. For a complete course, see Credit Authorizer training.
Browse terms from every career in our career glossary.