debit card

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Debit card
A debit card is a plastic card which provides an alternative payment method to cash when making purchases. Physically the card is an ISO 7810 card like a credit card; however, its functionality is more similar to writing a check as the funds are withdrawn directly from either the cardholder's bank account (often referred to as a check card), or from the remaining balance on a gift card.
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WordNet 2.0 DictionaryDownload this dictionary
debit card
Noun
1. 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
(hypernym) open-end credit, revolving credit, charge account credit
(part-meronym) magnetic stripe



European Central Bank DictionaryDownload this dictionary
debit card
A card enabling the holder to have his/her purchases directly charged to funds on his/her account at a deposit-taking institution. (This may sometimes be combined with another function, e.g. that of a cash card or cheque guarantee card.)

Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.

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