debit card

Definition

Bank card used in cash transactions, but which is not a credit card. In a debit card transaction, the amount of a purchase is withdrawn from the available balance in the cardholder's account. If the available funds are insufficient, the transaction is not completed. Also called asset card (in the US), or payment card (in the UK).


debit card is...

... in the Banking, Commerce & Finance subject.

Nearby Terms

Search volume for debit card

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z