MLchartDataset catalogue

Debit card

Term · Law · MLC-T-LAW-001483

A payment card that deducts money directly from a consumer's checking account when used for purchases or cash withdrawals. Unlike a credit card, it does not involve borrowing money but rather accesses funds already held by the cardholder. Debit cards are widely accepted for transactions at points of sale and ATMs.

Table 1. Record
IdentifierMLC-T-LAW-001483
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001483",
  "term": "Debit card",
  "field": "Law",
  "definition": "A payment card that deducts money directly from a consumer's checking account when used for purchases or cash withdrawals. Unlike a credit card, it does not involve borrowing money but rather accesses funds already held by the cardholder. Debit cards are widely accepted for transactions at points of sale and ATMs.",
  "url": "https://mlchart.com/terminology/law/debit-card/"
}

Record 1,346 of 5,439 in Law terminology (MLC-0107). Request the full dataset.