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Puzzled with industry jargon? Browse our glossary section for commonly-used terms and start to understand what the complicated vocabulary used in the world of personal finance means to your money matters.
Acceptance criteria
A set of conditions that must be met in order to be given a credit facility like a credit card or loan. Lenders are responsible for formulating the acceptance criteria for their products and anything goes once the lender has taken care of incorporating the legal terms ? such as setting the minimum age for their credit facility to at least 18 years as law states it must be. Acceptance criteria are likely to vary significantly between different lenders and then between each product the individual lender offers.
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Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.