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Debit card |
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Debit cardA plastic payment card, issued by a bank or other financial institution, which enables the holder to obtain goods and services without the requirement to pay cash. The debiting procedure commences directly after the transaction which results in the holder's account being debited within a few days. In addition to obtaining goods, the card can be used to obtain cash which results in the holder's account being debited immediately. See also 'charge card' and 'credit card'.Similar MatchesDebit balanceDebit balanceThe amount that is owed to a broker by a margin customer for loans the customer uses to buy securities. Customers net debit balanceCustomers net debit balanceThe total amount of credit given by NYSE member firms to finance customers purchasing securities. Direct debitsDirect debitsA payment made from your account automatically to pay bills etc, usually amounts that vary, e.g. A gas bill. Direct debitDirect debitA payment system in which the payer authorises the payee to take funds from his bank account.Typical examples are monthly premiums for an insurance policy, or electricity bill payments. DebitDebitRecorded as negative (-) in the balance of payments, any transaction that gives rise to a payment out of the country, such as an import, the purchase of an asset (including official reserves), or lending to foreigners. Opposite of credit. Further SuggestionsAdjusted debit balance (ADB)Debit debit spread debit Debit spread debit note |
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