Investor Glossary-digital moneyInvestor Glossary-digital moneyInvestor Glossary-digital moneyInvestor Glossary-digital moneyInsightful 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

Digital Money

The HTML to link to this page
 

Digital money is money transmitted in electronic form to pay for good and services, typically over the Internet or through other electronic media. A vendor accepting digital money contacts the issuing bank upon receipt of a buyer's payment authorization. The vendor then receives the funds transfer and fulfills the order of goods or services. Digital money is transacted through different methods. The first method is using the traditional credit card to transmit digital money through a security protocol known as Secure Socket Layer (SSL) used by many Internet browsers. Software using SSL may securely accept credit card information used for a digital money transaction. A second method used to transmit digital money is by using digital money that is either downloaded from a participating bank to a user's computer or put into an account set up at the bank. This digital money (if stored on the computer) or the corresponding debit transaction (if stored in a bank account) is transmitted in encrypted form to the merchant for payment. E-money is another term used to describe digital money.



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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use