Investor Glossary-charge cardInvestor Glossary-charge cardInvestor Glossary-charge cardInvestor Glossary-charge cardInsightful stock market charts - Click here
investor
Categories    # 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

Charge Card

The HTML to link to this page
 

A charge card is the physical card that records an account number of a buyer in a retail payment system. In a charge card transaction, the buyer presents the charge card to a merchant, the charge card issuer guarantees the merchant will be paid for the authorized transaction, and the cardholder receives an invoice from the charge card issuer. Although the term charge card is often used interchangeably with the term credit card, a charge card is different from a credit card in that the invoice must be paid in full each month. (Credit issued is therefore for one month at most.) The leading brand of charge card in the US is American Express, issued solely by the financial services firm of the same name. American Express is also a credit card issuer. Businesses often issue a charge card to employees for business expenses. Part of the services of the charge card issuer to the company is assistance tracking and controlling employee purchases.



Rate this charge card definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: average price per share, annual return, irrevocable trust, ex-dividend, inflation, open position, Zero Cost Collar, stock split, quality assurance, Key Rate Duration, deferred revenue, APR, reverse mortgage, minority interest, phantom income, debt service coverage, option premium, real GDP, LIBOR, balance sheet, 1035 exchange, diluted share, ex-dividend date, 144a, command economy, class C shares, cancelled check, in escrow, VIX, covered put, per diem, labor relations, required rate of return, FTSE, wholly-owned subsidiary, FICO score, limit order, implied volatility, dividends payable, liquidity ratio, retained earnings, EBITDA, deferred tax, stock market close, margin rate, current ratio, 401a, risk management, 1031 exchange


Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # 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 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
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use