Finance & Banking

Credit freeze

ˈkredɪt friːz

noun

What does Credit freeze mean?

Locking your credit file against fraud.

Example sentence

"I froze my credit after the data breach."

American usage tip

Free at all three bureaus; unfreeze when applying.

Related Finance & Banking words

Cashback
A percentage of spending returned to you.
Budget
A plan for income and spending.
Annual fee
The yearly cost of holding a credit card.
Direct deposit
Salary paid electronically into your account.
Wire transfer
A fast bank-to-bank money transfer.
APR
Annual Percentage Rate — yearly loan/credit cost.
Net worth
Total assets minus total debts.
Venmo
A popular peer-to-peer payment app.

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