DEBIT CARD Definition

Bookmark and Share

DEBIT CARD is a banking card enhanced with automated teller machine (ATM) and point-of-sale (POS) features so that it can be used at merchant locations. A debit card is linked to an individuals checking account, allowing funds to be withdrawn at the ATM and point-of-sale without writing a check. Each financial institution creates an identity for its debit card to customize the product and differentiate it in the market. Debit cards can also be called deposit access cards.

Learn new Accounting Terms

ACTUARIAL SCIENCE applies mathematical and statistical methods to finance and insurance, particularly to the assessment of risk. Actuaries are professionals who are qualified in this field.

POUND is a currency of Biafra, Cyprus, Egypt, England, Falkland Islands, Guernsey, Isle of Man, Jersey, Lebanon, Libya, Nigeria, Palestine, Rhodesia, South Africa, St. Helena, South Africa, Syria, England, Scotland, Northern Ireland, Isle of Man, Jersey, and Guernsey.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.