|
|
|
 |
Loan and Mortgage Terms Glossary |
 |
|
 |
Debit Card:
A plastic card with which a customer may withdraw funds on deposit in the customer's account using an automated teller machine. Some merchants accept debit cards, treating them the same as cash. A debit card transaction pays the seller of goods or services by withdrawing funds already on deposit in the buyer's account, as opposed to a credit card transaction in which funds are loaned to the buyer by the card issuer.
|
|
|
|
|
|
|
| |
