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Definition of debit card
A card which enables you to directly access your bank account when paying for purchases. So instead of paying in cash or with a credit card, a debit card allows the specified amount of the purchase to be electronically debited, or withdrawn, from your bank account. See Interac Direct Payment for an explanation of the actual procedures that you follow at the point of sale (POS) terminal to use your debit card.
Instead of paying with cash or a credit card, Interac Direct Payment allows you to pay for your purchase with a debit card, such as your bank card. The amount of the purchase is electronically debited, or withdrawn, from your bank account (see debit card).
The terminal at which a customer uses his/her debit card to make a direct payment transaction. See also Interac Direct Payment.
A system of non-financial performance measurement that links innovation, customer and process measures to financial performance.
an approach to performance
Certificates of Amortized Revolving Debt. Pass-through securities backed by credit card receivables.
A credit card from which payments are deducted over subsequent time periods.
A revolving source of credit with a pre-established limit. You have to pay interest on a credit card if you have an outstanding balance.
One side of a journal entry, usually depicted as the left side.
Funds which have been deducted from your account. The opposite of a debit is a credit.
A record of the funds which have been debited from your account.
The I-551 Permanent Resident card, held by a resident alien.
A credit card into which a company directly deposits an employee's net pay.
debits to its bank account in advance by the payer. The payer's
a card given to selected employees as a
A bank document containing the signatures of all approved signatories
standard cost card
a document that summarizes the direct
A document or electronic record on which an employee records his or
Wild card option
The right of the seller of a Treasury Bond futures contract to give notice of intent to deliver
On your bank statement, 'credit' represents funds that you have deposited into your account. The opposite of a credit is a debit.
Canada's bank machine and electronic debit system. If you use your bank card at a bank machine which displays the Interac symbol (and that bank machine is not your bank's machine), you will be charged a fee.
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