Triggering Term   DEFINITION of 'Triggering Term'  A word or
phrase that when used in advertising literature requires the
presentation of the terms of a credit agreement so that
individuals can compare credit offers on a fair and equal basis.
Open-end and closed-end credit each have a set of triggering
terms associated with them; if a single one is used in
advertising material, then the full set of credit terms must
also be displayed so as not to confuse or deceive consumers.
Triggering terms are set and monitored by the Federal Trade
Commission, in the United States.  BREAKING DOWN 'Triggering
Term'  Credit literature and advertising must abide by the Truth
In Lending Act passed in 1969, which requires that lenders
disclose key terms of an agreement, such as how finance charges
are computed, when a charge can be imposed and charges computed
as an annual percentage rate.  Triggering terms help clarify the
conditions under which a consumer is borrowing money. It is
important to read carefully all of the disc