   
|
|
Debit Card
|
| FYI - For 2011, Dow up, Dogs of the Dow up more (double digits) |
| |
A debit card is a plastic card that resembles a credit card. Using a debit card a customer can withdraw funds on deposit in the customer's account using an ATM (automated teller machine.) A debit card draws directly on funds in the consumer's bank account (i.e. checking account). Most businesses that accept credit cards will also accept a debit card. A debit card transaction pays the seller of goods or services by withdrawing funds already on deposit in the buyer's bank account, as opposed to a credit card transaction where funds are loaned to the buyer by the card issuer. A debit card usually requires the owner to supply PIN number or a signature. As a result, a debit card can be considered a relatively safe alternative to cash.
Rate this debit card definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: option premium, deferred revenue, annual return, per diem, inflation, 144a, Zero Cost Collar, current ratio, 1035 exchange, labor relations, retained earnings, 401a, liquidity ratio, irrevocable trust, Key Rate Duration, risk management, debt service coverage, balance sheet, deferred tax, quality assurance, dividends payable, class C shares, ex-dividend date, stock split, ex-dividend, 1031 exchange, command economy, reverse mortgage, stock market close, EBITDA, margin rate, LIBOR, required rate of return, FICO score, VIX, limit order, APR, minority interest, open position, implied volatility, average price per share, phantom income, FTSE, real GDP, diluted share, wholly-owned subsidiary, in escrow, cancelled check, covered put
|
|
| |