Debit transaction

  An ISO term. An approval by the cardholder of the debit of his account.

International financial encyclopaedia . 2014.

Look at other dictionaries:

  • Debit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

  • debit — To debit is to place an entry on the left hand side of an account. A debit in a liability account makes it smaller. A debit in an asset account makes it larger. Glossary of Business Terms An expense, or money paid out from an account. A debit… …   Financial and business terms

  • transaction — trans·ac·tion /tran zak shən, sak / n 1: something transacted; esp: an exchange or transfer of goods, services, or funds 2 a: an act, process, or instance of transacting b: an action or activity involving two parties or things that reciprocally… …   Law dictionary

  • Debit card cashback — This article is about debit card cashback. For other forms of cashback, see Cashback (disambiguation). Debit card cashback (known as cash out when using EFTPOS in Australia and New Zealand) is a service offered to retail customers whereby an… …   Wikipedia

  • Debit MasterCard — The Debit MasterCard is a type of debit card in the United Kingdom, Australia, the United States and other countries. It uses the same systems as the standard MasterCard credit card, but does not use a line of credit to the customer as it is a… …   Wikipedia

  • Transaction processing — For other uses, see Transaction (disambiguation). In computer science, transaction processing is information processing that is divided into individual, indivisible operations, called transactions. Each transaction must succeed or fail as a… …   Wikipedia

  • debit card — a plastic card that resembles a credit card but functions like a check and through which payments for purchases or services are made electronically to the bank accounts of participating retailing establishments directly from those of card holders …   Universalium

  • Debit Balance — In a margin account, money owed by the customer to the broker for funds advanced to purchase securities. The debit balance is the amount of funds the customer must put into his or her margin account, following the successful execution of a… …   Investment dictionary

  • Debit Spread — Two options with different market prices that an investor trades on the same underlying security. The higher priced option is purchased and the lower premium option is sold both at the same time. The higher the debit spread, the greater the… …   Investment dictionary

  • debit card — A card that resembles a credit card but which debits a transaction account ( checking account) with the transfers occurring contemporaneously with the customer s purchases. A debit card may be machine readable, allowing for the activation of an… …   Financial and business terms

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