N.J. Stat. § 17:3B-30
As used in this act:
"Bank" means any state or federally charted bank, savings bank or savings and loan association.
"Borrower" means any corporation, partnership, association, government or governmental subdivision or agency, trust, individual or other entity.
"Individual borrower" means a borrower who is a natural person borrowing for personal, household or family purposes.
"Credit device" means any card, check, identification code or other means of identification contemplated by the agreement governing the plan.
"Loans" means cash advances or loans to be paid to or for the account of the borrower.
"Outstanding unpaid indebtedness" means, on any day, an amount not in excess of the total amount of purchases and loans charged to the borrower's account under the plan which is outstanding and unpaid at the end of the day, after adding the aggregate amount of any new purchases and loans charged to the account as of that day and deducting the aggregate amount of any payments and credits applied to that indebtedness as of that day and, if the agreement governing the plan so provides, may include the amount of any periodic interest, interest charges and other charges permitted by this act, including late or delinquency charges, which have accrued in the account and which are unpaid at the end of the day.
"Purchases" means payments for property of whatever nature, real or personal, tangible or intangible, and payments for services, licenses, taxes, official fees, fines, private or governmental obligations, or any other thing of value.
"Revolving credit plan" or "plan" means a plan contemplating the extension of credit under an account governed by an agreement between a bank and a borrower pursuant to which:
N.J.S. § 17:3B-30