debit card

debit card
A plastic card issued by a bank or building society to enable its customers with cheque accounts to pay for goods or services at certain retail outlets by using the telephone network to debit their cheque accounts directly. It is also known as a payment card. The retail outlets need to have the necessary computerized input device, into which the card is inserted; the customer may be required to tap in a personal identification number before entering the amount to be debited. Most debit cards also function as cheque cards and cash cards In the USA these cards are sometimes called asset cards.

Big dictionary of business and management. 2014.

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  • debit card — A card issued by a bank that combines the functions of an ATM card and a check. A debit card can be used to withdraw cash at a bank, like an ATM card. It can also be used like a check at stores, to pay for goods and services. A debit card is… …   Law dictionary

  • Debit card — Deb it card , n. [See {debit}.] a small usually plastic card with a magnetic coded number, similar to a credit card, which is used to pay for purchases by the electronic deduction of a sum of money (a debit) directly from the card holder s bank… …   The Collaborative International Dictionary of English

  • debit card — n a plastic card with your signature on that you can use to pay for things. The money is taken directly from your bank account →↑cash card, ↑cheque card, ↑credit card …   Dictionary of contemporary English

  • debit card — debit cards N COUNT A debit card is a bank card that you can use to pay for things. When you use it the money is taken out of your bank account immediately …   English dictionary

  • debit card — ► NOUN ▪ a card allowing the holder to debit a bank account electronically when making a purchase …   English terms dictionary

  • debit card — debit ,card noun count a plastic card given by a bank that you use for paying for things. It moves money automatically from your bank account to the account of the person you are paying. ─ compare CREDIT CARD …   Usage of the words and phrases in modern English

  • debit card — n. a kind of bank card that allows the cost of purchases to be automatically debited, or deducted, from the cardholder s bank account …   English World dictionary

  • Debit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

  • debit card — A card that resembles a credit card but which debits a transaction account ( checking account) with the transfers occurring contemporaneously with the customer s purchases. A debit card may be machine readable, allowing for the activation of an… …   Financial and business terms

  • debit card — UK / US noun [countable] Word forms debit card : singular debit card plural debit cards a plastic card given by a bank that you use for paying for things. It moves money automatically from your bank account to the account of the person you are… …   English dictionary

  • debit card — noun a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder s bank account • Hypernyms: ↑open end credit, ↑revolving credit, ↑charge account credit, ↑positive… …   Useful english dictionary

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