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SourceLaw Dictionary Browse Letter D

Debit Card

Legal definition for Indian law research

Definition

a small usually plastic card with a magnetic coded number similar to a credit card which is used to pay for purchases by the electronic deduction of a sum of money a debit directly from the card holders bank account Such cards do not require the establishment of a credit line and such transactions do not incur any interest payments

Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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