bank debit
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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
Bank Debits — A bookkeeping term for realization of the reduction of deposits held by bank customers. Bank debits can be the result of check payments, honored drafts or a withdrawal of funds from an account. Economists also use bank debit statistics to… … Investment dictionary
bank — 1. A bank is an institution, usually incorporated, whose business it is to receive money on deposit, cash checks or drafts, discount commercial paper, make loans, and issue promissory notes payable to bearer, known as bank notes. U.C.C. No. 1… … Black's law dictionary
bank — 1. A bank is an institution, usually incorporated, whose business it is to receive money on deposit, cash checks or drafts, discount commercial paper, make loans, and issue promissory notes payable to bearer, known as bank notes. U.C.C. No. 1… … Black's law dictionary
debit card — A card issued by a bank that combines the functions of an ATM card and a check. A debit card can be used to withdraw cash at a bank, like an ATM card. It can also be used like a check at stores, to pay for goods and services. A debit card is… … Law dictionary
debit memo — UK US noun [C] (UK also debit note) ► BANKING, COMMERCE a document sent to a customer when money is owed from their account, for example, because of a mistake on an invoice: »A debit or credit memo is received from the bank each time an… … Financial and business terms
bank card — ➔ card * * * bank card UK US noun [C] ► a plastic card with details of your bank account on it, that allows you, for example, to take money out of your account using an ATM → Compare CHEQUE CARD(Cf. ↑cheque card), C … Financial and business terms
Bank fraud — is the use of fraudulent means to obtain money, assets, or other property owned or held by a financial institution. In many instances, bank fraud is a criminal offense. While the specific elements of a particular banking fraud law vary between… … Wikipedia
Bank of America controversies — Bank of America has been involved in several controversies and received a wide variety of public criticism. This page details some of the more notable and public issues.Criticism of policiesAccount closures without warningWhen opening a deposit… … Wikipedia
debit collection — The payment process which is initiated by the creditor seeking payment from his debtor, by instructing his bank or, in the case of direct debit, the debtor s bank to collect payment from the debtor. Practical Law Dictionary. Glossary of UK, US… … Law dictionary
